Overview: According to its proponents, the `new economy‘ is associatedwith sustainable growth, increased demand for labor and zeroinflation. On the micro-level, this bright avenue into the future ispropelled by knowledge capital, flexibility and new ways of organizingproduction, such as clusters and networks. Progress in informationtechnology, together with massive deregulation on the national and theinternational levels, have been credited with setting this developmentinto motion. .The concept of the `new economy‘ has been rapidly embraced bypoliticians, as it seems to offer a way out of the
|