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New economy
Development of economic theory / From Wikipedia, the free encyclopedia
Not to be confused with new economy movement.
For the British academic journal New Economy, see IPPR Progressive Review.
The New Economy refers to the ongoing development of the American economic system. It evolved from the notions of the classical economy via the transition from a manufacturing-based economy to a service-based economy, and has been driven by new technology and innovations. This popular use of the term emerged during the dot-com bubble of the late 1990s, where high growth, low inflation, and high employment of this period led to optimistic predictions and flawed business plans.[2][3][4]
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