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Subject:
"New Economy"
Category: Business and Money Asked by: feder-ga List Price: $5.00 |
Posted:
03 Nov 2002 11:26 PST
Expires: 03 Dec 2002 11:26 PST Question ID: 97421 |
Who coined the notion of a "New Economy" referring to the structural changes in the world market broad about by the collapse of communist economies and the emerging information and communications technologies? Where was the term first used, in this sense? |
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Subject:
Re: "New Economy"
Answered By: secret901-ga on 03 Nov 2002 14:23 PST Rated: |
Hello feder, Thank you for an interesting question. After searching on Google, I found out that the term "New Economy" was coined by Business Week magazine in the "mid-1990s" [1], and found one article published in 2001 that indicated that the term was coined "4 years ago" [2]. With this in mind, I searched the archives of the magazine for articles containing the term and published between 1990 and 1997. After sifting through all the irrelevant articles, I found one that capitalized the term, and used it in its current sense. It was an editorial in the September 23, 1996 issue of Business Week, entitled "Zero Inflation is Not Worth the Risk." The term "New Economy" was used seven times in the 630-word article. Most of those uses used "New Economy" as an adjective, as shown by the following: "New Economy types," "New Economy wing," "New Economy folks," "New Economy argument," "New Economy view," "New Economy CEOs." The only use of "New Economy as a noun was in the following sentence: "But given the five-year success of the New Economy -- great corporate profits, big capital spending, and very low unemployment at a cost of a bare uptick in inflation -- the pain of getting to zero isn't worth it." Thus, the term "New Economy" was coined by Business Week magazine on September 23, 1996. The term was first used on page 170 of the issue. I hope that answers your question. If you need clarification, please request for it before rating this answer and I'll be happy to clarify. secret901-ga Sources: [1] http://www.etla.fi/english/research/programs/program3.php3 [2] http://www.glocom.org/books_and_journals/journal_abstracts/20020430_ja_s58/ Search strategy: "New Economy was coined" "New Economy" "Business Week" coined | |
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feder-ga
rated this answer:
Good and reasonably accurate answer. |
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Subject:
Re: "New Economy"
From: revbrenda1st-ga on 03 Nov 2002 14:56 PST |
Hi feder, In fact, the term was coined by Michael Mandel. "The man who coined the word `New Economy' in 1995 - Michael Mandel, economics editor at Business Week - attempts to answer those questions in his book 'The Coming Internet Depression'." New Vs Old - Chetan J. Parikh http://www.capitalideasonline.com/chetan/new_old.html Regaeds, revbrenda1st |
Subject:
Re: "New Economy"
From: revbrenda1st-ga on 05 Nov 2002 15:54 PST |
Dear secret-ga, I apologize. I found the information I posted while the topic was locked. (It wasn't locked when I started, though.) I wanted to know the answer myself! Since I had a name, I thought I'd share it with everyone. My intention was not to upstage you or to be a 'showoff.' All I wanted to do was to find the name for my own personal satisfaction. I also apologize for using the comments forum in this way, but I know of no other way to contact you. |
Subject:
Re: "New Economy"
From: secret901-ga on 05 Nov 2002 17:02 PST |
Hi revbrenda1st, Don't worry. Your excellent comments are being noticed by us Google researchers. :-) |
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