Economy and “New Economy” in the United States and Germany

descriptionPublicationkeyboard_double_arrow_right Article 01 Jul 2001 English Publisher:Walter de Gruyter GmbHJournal:Intereconomics, volume 36, pages 180-190 (issn: 0020-5346, eissn: 1613-964X,

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Authors: Bryson, Phillip J.;

doi: 10.1007/bf02929974

handle: 10419/41130

Economy and “New Economy” in the United States and Germany

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Abstract

The expression “New Economy” is used inconsistently. This article reviews the driving forces of the US boom of the 1990s, examining the changes introduced in the period and before, focusing on the IT sector and new technologies. The “New Economy” is not just the new sectors, but changes in the overall economy emanating from them. These changes will not evaporate in an economic slowdown. Comparisons of the USA with Germany and Europe illustrate that the “New Economy” will also continue to develop there on the foundations already laid.

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Brigham Young University Idaho
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