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What do traditional economy and new economy mean?
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The fundamental source of the concept of new economy
(This article has been read 429 times) Time: 2006 54 38+0 06 08:56 Source: reprinted in Chen Zihong.
The collapse of the network economy seems to be the collapse of the "new economy". But what exactly is the new economy? So far, this term is still a loose concept. As The Economist magazine said the year before last, the amazing economic growth in the late 1990s needed a "very broad" concept to explain, so the media, Wall Street industry and a group of economic experts scrambled to find a term to fill this concept. How did the term new economy come from? According to a recent survey conducted by the Hurenstein Center of Harvard University, the term "new economy" was first quoted by the media, industrial economists and authoritative writers in the 1970s, but the descriptions were different and sometimes irrelevant. The new economy sometimes refers to computer technology. For a time, it was used to describe service economy, globalization, dual-income families, slow salary change, small and medium-sized enterprises, deindustrialization and enterprise reengineering. 1In the mid-1980s, the term new economy was widely recognized. New books on the new economy, such as The Way to Manage the New Economy and Understanding the New Economy, have been published one after another. 1986, Fortune magazine published a cover story entitled "America's New Economy", and American News and World Report Weekly also declared that the United States is entering "an epoch-making economic change since the century", which is characterized by the rise of the "new economy" of service industry and high technology. Even by the end of 1990, it is still difficult to standardize the new economy into a clear definition. Most analysts and media attribute this strong economic phenomenon to the popularity of computers. However, they don't even know how information technology creates growth.
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