The term new economy was coined by economist Brian Arthur, but was popularized mainly by Kevin Kelly, editor of “Wired”.
The new economy is a term that was emphasized in the late 90′s to describe the economic developments in the United States and other developed countries, an economy based primarily on manufacturing and industry to a knowledge-based economy, because in part to new developments in technology and in part to economic globalization. At that time, some analysts understood that this change in economic structure had created a state of steady growth and continuing low unemployment and immune to macroeconomic cycles of boom and bust. Moreover, they believed that the change made in obsolescence old business practices.
The first time publicly managed the term New Economy was the December 30, 1996 by the magazine Business Week in the report of Michael J. Mandel called “The Triumph of the New Economy.”
In financial markets, the term has been associated with the rise of the dotcoms. This included the emergence of a rival to the Nasdaq stock exchange in New York (NYSE), a large amount of start-ups in Initial Public Offering (IPO), the increase in share value on the dot-com companies established , and the frequent use of tools such as stock options (stock options).
Like many things that seem too good, the 2001 recession discredited many of the more extreme predictions made during the boom years. However, subsequent research strongly suggests that productivity growth was driven by strong investment in information technology.
Principles:
The new economy has three fundamental characteristics deeply intertwined.
It focuses on information and knowledge as the basis of production, productivity and competitiveness.
It’s a global economy, production and management of goods and services are organized at the global level.
Internet is the system of organization in the New Economy.
The main feature of the new economy is the absence of friction. Classical economics occurs in space and time, this implies that any action (economic or otherwise) involves energy losses due to friction. Economic transactions that take place over the network significantly reduces friction, because of what has been called the death of distance, the death of distance, together with the dematerialization of the economy are necessary prerequisites for the birth of the new economy.
The phenomenon of globalization is intrinsically linked to the new economy. This in response to the growing global economy is more inter-related, markets expand and flexible, production center and large companies face increasing competition through alliances and mergers.
We are witnessing an increase in productivity than in other cycles that brings greater containment of inflation, the new economy lengthens the expansionary economic cycle due to the preponderance acquire knowledge and innovation within the production process, they are favored other features as the process of economic deregulation and the development of new markets.
How to Start??
Scrapbooking is one of the major counterparties industries in the country today. According to studies, the scrapbook industry earns about $ 3Billion per year and that number continues to grow. Since Scrapbook Making in the comfort of your home can be done, this can be a very lucrative Store for creative people. The good thing about the scrapbook, shop is that there is a huge amount of capital is not really necessary. If you are creative and you know how to use what materials are now available, you can already make good scrapbooks.
Learning the Art of Scrapbook Making
Starting a home-founded scrapbook, shop is easy, especially if you naturally and artistically driven forelock. However, have to make sure that everything about you before you make your own scrapbook, shops, you first learn everything you know about this hobby. Initially you have to know the different techniques of the Scrapbook Making. Read books and magazines about this Store. You can also register in one of these classes make scrapbook. They exert what you have learned and to improvise. Always remember that Scrapbook Making an Art. Be creative. Always remember that the more clearly your scrapbooks are the more customers you have.
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Realizing the maximum guarantees of affiliate marketing
If you are one of those people who has set up an online business or intends to do so, whether the page of your company or any sales of products and services, know that you need to understand and apply various techniques of online marketing.
However, as part of the benefits we often hear or read and which are fruits of a network affiliation, is the term ‘maximum guarantees. “This refers to a network affiliate seeks to ensure that the trust of our users will not be betrayed.
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