New Economy

What is the untried rescue? In the simplest term, the reinvigorated Economy is a term to describe the evolution of high technology-based economy in the United States (WikipediA). With the new developments in the Internet, telecommunications and computer sectors, this evolution as believed by many to eat up created a sound out of imperishable and steady development, low unemployment and immunity to boom-and-bust macroeconomic cycles. During the quaternary days of 995-99, U. S. productivity growth experienced a sound revivification and achieved growth rates exceeding that of the golden age of 1913-72. some observers demand asserted the mod Economy, its Internet and the accompanying speedup of technical foul change in computers and telecommunications, to be an industrial Revolution constitute in importance, or even more(prenominal) important, than the befriend Industrial Revolution of 1860-1900 which gave us electricity, motor and air transport, transaction pictures , radio, interior plumbing, and made the golden age of productivity growth possible. However, in March and April of 2000, the NASDAQ crashed and fell from the level of nearly 5,000 to 2,000. During the crash, we have seen that a lot of high-tech and start-up companies went bankrupt (WikipediA). The stock securities industry went through with(predicate) a correction, and a long-running economic debate is talk of the town virtually the New Economy. Does the New Economy exist?

It in all probability does, however, more evidences many be needed for economists and policymakers to acknowledge (Visco, 2000). The nonsubjective of this composition is to try to come to the answer whether the New Economy exists. This physical comp! osition will discuss the beginning of the New Economy with the come on of new technologies, the staggering growth in U.S economy, the disequilibria in the New Economy, and conclusion regarding the existence of New Economy. New Economy In the 1990s, the U.S economy has been growing at a surprising pace for almost a decade, If you compulsion to get a full essay, order it on our website: OrderEssay.net

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