New Economy

What is the New Economy? In the simplest term, the New 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 have created a state of permanent and steady growth, low unemployment and immunity to boom-and-bust macroeconomic cycles. During the four years of 995-99, U. S. productivity growth experienced a strong revival and achieved growth rates exceeding that of the golden age' of 1913-72.…