James W. Cortada
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195165876
- eISBN:
- 9780199789689
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195165876.003.0013
- Subject:
- Business and Management, Business History
This chapter describes the role of information technologies in the shaping and offerings of services industries, then moves on to describe broad patterns of IT adoption by such industries, and the ...
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This chapter describes the role of information technologies in the shaping and offerings of services industries, then moves on to describe broad patterns of IT adoption by such industries, and the role such industries now play in the New Economy. Global trends and implications for management in all industries are discussed.Less
This chapter describes the role of information technologies in the shaping and offerings of services industries, then moves on to describe broad patterns of IT adoption by such industries, and the role such industries now play in the New Economy. Global trends and implications for management in all industries are discussed.
Paul Geroski
- Published in print:
- 2003
- Published Online:
- November 2003
- ISBN:
- 9780199248896
- eISBN:
- 9780191596308
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199248893.001.0001
- Subject:
- Economics and Finance, Microeconomics
Sheds some light on how markets develop. In particular, it suggests that the ‘new economy’ is not much different from the ‘old economy’ and that in general, the early evolution of markets can ...
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Sheds some light on how markets develop. In particular, it suggests that the ‘new economy’ is not much different from the ‘old economy’ and that in general, the early evolution of markets can significantly shape their later structure. The main arguments are elaborated in four chapters, each of them extensively illustrated with product‐case studies (internet, automobiles, television, or mobile phones, etc.). Ch. 2 explores the drivers of innovation and concludes that new technologies are basically pushed on to the market from the supply side. Ch. 3 looks at the dynamics of entry in a new market. Ch. 4 deals with the emergence of a dominant design as a consensus good. Ch. 5 shows how the dominant design shapes the nature of the competition in the new mass market and describes the logistical growth pattern characteristic of most new markets. The last chapter is devoted to sketch out the basic features of market evolution that follow from the events in the early stages of development.Less
Sheds some light on how markets develop. In particular, it suggests that the ‘new economy’ is not much different from the ‘old economy’ and that in general, the early evolution of markets can significantly shape their later structure. The main arguments are elaborated in four chapters, each of them extensively illustrated with product‐case studies (internet, automobiles, television, or mobile phones, etc.). Ch. 2 explores the drivers of innovation and concludes that new technologies are basically pushed on to the market from the supply side. Ch. 3 looks at the dynamics of entry in a new market. Ch. 4 deals with the emergence of a dominant design as a consensus good. Ch. 5 shows how the dominant design shapes the nature of the competition in the new mass market and describes the logistical growth pattern characteristic of most new markets. The last chapter is devoted to sketch out the basic features of market evolution that follow from the events in the early stages of development.
Gøsta Esping‐Andersen
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198742005
- eISBN:
- 9780191599163
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198742002.003.0001
- Subject:
- Political Science, Comparative Politics
Starts by discussing the perennial welfare state crisis, making the point that the contemporary crisis differs notably from its forebears. Rigidity is an endogenous symptom of the crisis, and the ...
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Starts by discussing the perennial welfare state crisis, making the point that the contemporary crisis differs notably from its forebears. Rigidity is an endogenous symptom of the crisis, and the various symptoms include demographic ageing, and the growing risks of poverty and social exclusion (which spring from the malfunctioning of the labour market and the family). The aim of the book is to come to terms with the new political economy—the post‐industrial economy—that is emerging. To do this it pursues a set of interlinked arguments: the so‐called welfare state crisis, in which debate has been too focused on the state, when it should be on the interaction between the component parts of contemporary welfare regimes such as labour markets, the family, and the welfare state itself; the fact that the real crisis of contemporary welfare regimes lies in the disjuncture between the existing institutional construction and exogenous change; and the fact that the emerging risks of post‐industrial society come primarily from the revolution that is unfolding in both labour markets and households. Four phenomena form the unifying theme of the book: equality, risks, jobs, and the new political economy. Risks and jobs are dealt with in separate chapters; the introduction discusses equality and the new political economy.Less
Starts by discussing the perennial welfare state crisis, making the point that the contemporary crisis differs notably from its forebears. Rigidity is an endogenous symptom of the crisis, and the various symptoms include demographic ageing, and the growing risks of poverty and social exclusion (which spring from the malfunctioning of the labour market and the family). The aim of the book is to come to terms with the new political economy—the post‐industrial economy—that is emerging. To do this it pursues a set of interlinked arguments: the so‐called welfare state crisis, in which debate has been too focused on the state, when it should be on the interaction between the component parts of contemporary welfare regimes such as labour markets, the family, and the welfare state itself; the fact that the real crisis of contemporary welfare regimes lies in the disjuncture between the existing institutional construction and exogenous change; and the fact that the emerging risks of post‐industrial society come primarily from the revolution that is unfolding in both labour markets and households. Four phenomena form the unifying theme of the book: equality, risks, jobs, and the new political economy. Risks and jobs are dealt with in separate chapters; the introduction discusses equality and the new political economy.
Josh Whitford
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780199286010
- eISBN:
- 9780191713903
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199286010.003.0003
- Subject:
- Business and Management, Political Economy
This chapter reviews the academic literature on what is in fact a worldwide transition from old to new old economy. It shows that there is consensus as to the general contours of a normatively ...
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This chapter reviews the academic literature on what is in fact a worldwide transition from old to new old economy. It shows that there is consensus as to the general contours of a normatively desirable ‘new production paradigm’, and that there are disputes as to the degree to which it can be fully achieved in the American context.Less
This chapter reviews the academic literature on what is in fact a worldwide transition from old to new old economy. It shows that there is consensus as to the general contours of a normatively desirable ‘new production paradigm’, and that there are disputes as to the degree to which it can be fully achieved in the American context.
ANDREW GLYN
- Published in print:
- 2007
- Published Online:
- September 2007
- ISBN:
- 9780199226795
- eISBN:
- 9780191710544
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199226795.003.0006
- Subject:
- Economics and Finance, Economic Systems
This chapter examines whether the great reversal in economic policy over the past twenty-five years has rekindled economic dynamism in rich countries and how the stability of output has been ...
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This chapter examines whether the great reversal in economic policy over the past twenty-five years has rekindled economic dynamism in rich countries and how the stability of output has been affected. It is shown that excitement over the new economy boom in the USA has dissipated with the collapse of the bubble. Japan has been stuck in a low growth quagmire for fifteen years, reflecting in part the after-effects of precipitate financial liberalization. Europe's economy, battered by the effects of German unification, has been growing only feebly, with mass unemployment in the large Continental economies and with little response to repeated doses of deregulation.Less
This chapter examines whether the great reversal in economic policy over the past twenty-five years has rekindled economic dynamism in rich countries and how the stability of output has been affected. It is shown that excitement over the new economy boom in the USA has dissipated with the collapse of the bubble. Japan has been stuck in a low growth quagmire for fifteen years, reflecting in part the after-effects of precipitate financial liberalization. Europe's economy, battered by the effects of German unification, has been growing only feebly, with mass unemployment in the large Continental economies and with little response to repeated doses of deregulation.
James W. Cortada
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195165876
- eISBN:
- 9780199789689
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195165876.003.0012
- Subject:
- Business and Management, Business History
This chapter describes the use of information technologies in two entertainment industries: video games and photography. It describes how the technology is used in the work of these industries ...
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This chapter describes the use of information technologies in two entertainment industries: video games and photography. It describes how the technology is used in the work of these industries (applications), development, and manufacture of its products, and in the digital goods sold to the public. These are characterized as part of the New Economy.Less
This chapter describes the use of information technologies in two entertainment industries: video games and photography. It describes how the technology is used in the work of these industries (applications), development, and manufacture of its products, and in the digital goods sold to the public. These are characterized as part of the New Economy.
Max H. Boisot, Ian C. MacMillan, and Kyeong Seok Han
- Published in print:
- 2007
- Published Online:
- January 2008
- ISBN:
- 9780199250875
- eISBN:
- 9780191719509
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199250875.003.0006
- Subject:
- Business and Management, Knowledge Management
Bureaucracies in the Weberian mould, whether of the state or corporate type, are rational-legal structures organized to deliver order, stability, and predictability. Early developments in information ...
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Bureaucracies in the Weberian mould, whether of the state or corporate type, are rational-legal structures organized to deliver order, stability, and predictability. Early developments in information and communication technologies (ICTs) appeared set to deliver such an outcome. Yet the new economy turns out to be more ‘distributed’ than had originally been expected. What is the nature of the challenge that this poses for bureaucracies? To address this question, this chapter first presents a conceptual framework, the Information-Space or I-Space, which allows for an exploration of the relationship between how knowledge is structured and how it flows within and between populations of agents. This chapter then examines what cultural and institutional challenges the new ICTs pose for both state and corporate bureaucracies, confronted as they are with the complexities of an increasingly distributed social order.Less
Bureaucracies in the Weberian mould, whether of the state or corporate type, are rational-legal structures organized to deliver order, stability, and predictability. Early developments in information and communication technologies (ICTs) appeared set to deliver such an outcome. Yet the new economy turns out to be more ‘distributed’ than had originally been expected. What is the nature of the challenge that this poses for bureaucracies? To address this question, this chapter first presents a conceptual framework, the Information-Space or I-Space, which allows for an exploration of the relationship between how knowledge is structured and how it flows within and between populations of agents. This chapter then examines what cultural and institutional challenges the new ICTs pose for both state and corporate bureaucracies, confronted as they are with the complexities of an increasingly distributed social order.
James W. Cortada
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195165876
- eISBN:
- 9780199789689
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195165876.003.0011
- Subject:
- Business and Management, Business History
This chapter describes the use of information technology in two entertainment industries that have become extensive users of many digital technologies: movies and recorded music. It describes the ...
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This chapter describes the use of information technology in two entertainment industries that have become extensive users of many digital technologies: movies and recorded music. It describes the profound effects information technologies are having on the products, services, organization, piracy issues, and work of these two industries. These are now seen as two key components of the New Economy.Less
This chapter describes the use of information technology in two entertainment industries that have become extensive users of many digital technologies: movies and recorded music. It describes the profound effects information technologies are having on the products, services, organization, piracy issues, and work of these two industries. These are now seen as two key components of the New Economy.
Timothy Besley
- Published in print:
- 2005
- Published Online:
- January 2012
- ISBN:
- 9780197263518
- eISBN:
- 9780191734021
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197263518.003.0013
- Subject:
- History, Cultural History
This lecture discusses important issues that arise in the policy sphere. It is primarily concerned with extending the competence of economists to analyse issues that require some facility with ...
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This lecture discusses important issues that arise in the policy sphere. It is primarily concerned with extending the competence of economists to analyse issues that require some facility with economic and political decision-making. The lecture serves as a highly selective and personal view of the motivation behind the field and some of the key themes in the literature. It shows the value in focused research in asking a specific question and of using appropriate data. It also determines that the New Political Economy rises to specific challenges, is not about economic imperialism, and rarely discusses grand issues of states versus markets and democracy versus non-democracy.Less
This lecture discusses important issues that arise in the policy sphere. It is primarily concerned with extending the competence of economists to analyse issues that require some facility with economic and political decision-making. The lecture serves as a highly selective and personal view of the motivation behind the field and some of the key themes in the literature. It shows the value in focused research in asking a specific question and of using appropriate data. It also determines that the New Political Economy rises to specific challenges, is not about economic imperialism, and rarely discusses grand issues of states versus markets and democracy versus non-democracy.
Alnoor Bhimani
- Published in print:
- 2003
- Published Online:
- August 2004
- ISBN:
- 9780199260386
- eISBN:
- 9780191601231
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199260389.003.0010
- Subject:
- Economics and Finance, Financial Economics
This chapter examines the mindset of Internet entrepreneurs and the internal management control systems during the rise and fall of the new economy. A large number of firms that had no control ...
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This chapter examines the mindset of Internet entrepreneurs and the internal management control systems during the rise and fall of the new economy. A large number of firms that had no control systems failed. However, many that implemented traditional financial controls such as budgets and spending limits did not fare much better. This indicates that a holistic view of management is needed. A framework with ‘four levers of control’ to help managers steer their business is presented.Less
This chapter examines the mindset of Internet entrepreneurs and the internal management control systems during the rise and fall of the new economy. A large number of firms that had no control systems failed. However, many that implemented traditional financial controls such as budgets and spending limits did not fare much better. This indicates that a holistic view of management is needed. A framework with ‘four levers of control’ to help managers steer their business is presented.
Phillip Brown
- Published in print:
- 2001
- Published Online:
- October 2011
- ISBN:
- 9780199244188
- eISBN:
- 9780191697340
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199244188.003.0001
- Subject:
- Business and Management, HRM / IR, Political Economy
This introductory chapter examines human capital theory and how it has been extended to explain global economic trends and the scope for skill-formation policies in the new economic competition. ...
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This introductory chapter examines human capital theory and how it has been extended to explain global economic trends and the scope for skill-formation policies in the new economic competition. Human capital theory is contrasted with a new political economy of skill formation that draws on economic sociology and the new institutionalism. The new political economy represents a different approach to skill formation issues in the twenty-first century, although the increased significance of human talents, knowledge, and skills is a factor in raising productivity that is the source of wealth. The chapter suggests that the nature of skill and its relationship to productivity is changing. It also offers a different understanding of the role of the nation state under conditions of global capitalism. It argues that smart economies require smart government. Globalization has changed the context in which nation states manoeuvre but, if anything, it has made their strategic role more, rather than less, important.Less
This introductory chapter examines human capital theory and how it has been extended to explain global economic trends and the scope for skill-formation policies in the new economic competition. Human capital theory is contrasted with a new political economy of skill formation that draws on economic sociology and the new institutionalism. The new political economy represents a different approach to skill formation issues in the twenty-first century, although the increased significance of human talents, knowledge, and skills is a factor in raising productivity that is the source of wealth. The chapter suggests that the nature of skill and its relationship to productivity is changing. It also offers a different understanding of the role of the nation state under conditions of global capitalism. It argues that smart economies require smart government. Globalization has changed the context in which nation states manoeuvre but, if anything, it has made their strategic role more, rather than less, important.
Monica Heller
- Published in print:
- 2011
- Published Online:
- January 2011
- ISBN:
- 9780199746866
- eISBN:
- 9780199827091
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199746866.003.0007
- Subject:
- Linguistics, Sociolinguistics / Anthropological Linguistics
This chapter chronicles the rise to domination of the discourse of community economic development, a hybrid discourse aimed at resolving the tensions between modernist and neoliberal understandings ...
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This chapter chronicles the rise to domination of the discourse of community economic development, a hybrid discourse aimed at resolving the tensions between modernist and neoliberal understandings of language, identity, culture, nation, and state. The commodification of language and culture in globalized new-economy domains such as information (notably call centers and translation), tourism, arts, and music, and marketing of authentic artifacts reconfigures the linguistic market and produces language work and the language worker. It shifts the ethnographic gaze from sites and groups to multiple forms of networks and mobilities. The chapter shows how the globalized new economy presents challenges to hitherto dominant ideologies of language, identity, nation, and state.Less
This chapter chronicles the rise to domination of the discourse of community economic development, a hybrid discourse aimed at resolving the tensions between modernist and neoliberal understandings of language, identity, culture, nation, and state. The commodification of language and culture in globalized new-economy domains such as information (notably call centers and translation), tourism, arts, and music, and marketing of authentic artifacts reconfigures the linguistic market and produces language work and the language worker. It shifts the ethnographic gaze from sites and groups to multiple forms of networks and mobilities. The chapter shows how the globalized new economy presents challenges to hitherto dominant ideologies of language, identity, nation, and state.
Paul Langley
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780199236596
- eISBN:
- 9780191717079
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199236596.003.0003
- Subject:
- Economics and Finance, Financial Economics
This chapter argues that contemporary financial market investment practices are not the consequence of the grip of some collective and irrational psychology, but are made possible because investment ...
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This chapter argues that contemporary financial market investment practices are not the consequence of the grip of some collective and irrational psychology, but are made possible because investment appears as the most rational form of saving. It shows that partial displacement of networks of thrift and insurance by networks of everyday investment both preceded the ‘irrational exuberance’ of the new economy bubble of the 1990s, and has continued to flourish into the new millennium after the bursting of the bubble. The chapter also suggests that while the technologies of investment form part of the apparatus of neo-liberal government and are promoted in a disciplinary manner across governmental programmes, to date the rise of everyday investment to the early 1980s would be to disregard sedimented technological developments that had already begun to establish the relative rationality of performances of everyday investment. This is illustrated in the final part of the chapter which focuses on the production of mutual fund networks.Less
This chapter argues that contemporary financial market investment practices are not the consequence of the grip of some collective and irrational psychology, but are made possible because investment appears as the most rational form of saving. It shows that partial displacement of networks of thrift and insurance by networks of everyday investment both preceded the ‘irrational exuberance’ of the new economy bubble of the 1990s, and has continued to flourish into the new millennium after the bursting of the bubble. The chapter also suggests that while the technologies of investment form part of the apparatus of neo-liberal government and are promoted in a disciplinary manner across governmental programmes, to date the rise of everyday investment to the early 1980s would be to disregard sedimented technological developments that had already begun to establish the relative rationality of performances of everyday investment. This is illustrated in the final part of the chapter which focuses on the production of mutual fund networks.
Ha-Joon Chang and Robert Rowthorn
- Published in print:
- 1995
- Published Online:
- October 2011
- ISBN:
- 9780198289845
- eISBN:
- 9780191684777
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198289845.003.0002
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter deals with the role that the state may assume. According to the authors, there are four state interventions in the market: New Political Economy, welfare economics, institutional ...
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This chapter deals with the role that the state may assume. According to the authors, there are four state interventions in the market: New Political Economy, welfare economics, institutional economics and Austrian economics. The state has its different roles according to these views which varies from full state intervention up to a state-intervention-free market. The authors suggest that the state must possess all the strength of the argument offered by these views. To sum it all, the state must be a good and ultimate entrepreneur and conflict manager at the same time. Too much intervention on the part of the state may harm the market while on the other, too much leniency on the side of the state may make the state too weak or too corrupt.Less
This chapter deals with the role that the state may assume. According to the authors, there are four state interventions in the market: New Political Economy, welfare economics, institutional economics and Austrian economics. The state has its different roles according to these views which varies from full state intervention up to a state-intervention-free market. The authors suggest that the state must possess all the strength of the argument offered by these views. To sum it all, the state must be a good and ultimate entrepreneur and conflict manager at the same time. Too much intervention on the part of the state may harm the market while on the other, too much leniency on the side of the state may make the state too weak or too corrupt.
Alnoor Bhimani
- Published in print:
- 2003
- Published Online:
- August 2004
- ISBN:
- 9780199260386
- eISBN:
- 9780191601231
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199260389.003.0006
- Subject:
- Economics and Finance, Financial Economics
The emergence of a ‘new economy’ characterised by electronic activities has given rise to new organisations composed mainly of knowledge workers. Understanding the structure of these new ...
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The emergence of a ‘new economy’ characterised by electronic activities has given rise to new organisations composed mainly of knowledge workers. Understanding the structure of these new organisations requires focusing on the management of knowledge, communication, and information, rather than on the traditional management of labour and capital. Traditional management control typologies should be extended to capture elements of knowledge management.Less
The emergence of a ‘new economy’ characterised by electronic activities has given rise to new organisations composed mainly of knowledge workers. Understanding the structure of these new organisations requires focusing on the management of knowledge, communication, and information, rather than on the traditional management of labour and capital. Traditional management control typologies should be extended to capture elements of knowledge management.
Ernesto Screpanti and Stefano Zamagni
- Published in print:
- 2005
- Published Online:
- October 2005
- ISBN:
- 9780199279142
- eISBN:
- 9780191602887
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199279144.001.0001
- Subject:
- Economics and Finance, History of Economic Thought
Provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are ...
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Provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter and modern theories as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between the 'pure' historians of thought, who dedicate themselves exclusively to studying 'facts', and the 'pure' theorists, who are interested only in the evolution of the logical structure of theories. An unconventionally large amount of space is reserved for the thought of the last 50 years of the twentieth century, for more than 50% of scientific knowledge has been produced in this time span. The book is not directed to a specialist public nor solely to a student audience. It aims to reach the educated person who has an interest in understanding the context in which economic ideas were formed.The second edition contains several changes and additions. Among them: a look at the ‘civil economy’ perspective in Humanism and Renaissance; an interpretation of Adam Smith as an institutionalist; a hint at the social ontology of Karl Marx; a new treatment of post-Keynesian and new Keynesian approaches; a final chapter on contemporary institutionalist thought in the light of globalization and postmodernism.Less
Provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter and modern theories as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between the 'pure' historians of thought, who dedicate themselves exclusively to studying 'facts', and the 'pure' theorists, who are interested only in the evolution of the logical structure of theories. An unconventionally large amount of space is reserved for the thought of the last 50 years of the twentieth century, for more than 50% of scientific knowledge has been produced in this time span. The book is not directed to a specialist public nor solely to a student audience. It aims to reach the educated person who has an interest in understanding the context in which economic ideas were formed.
The second edition contains several changes and additions. Among them: a look at the ‘civil economy’ perspective in Humanism and Renaissance; an interpretation of Adam Smith as an institutionalist; a hint at the social ontology of Karl Marx; a new treatment of post-Keynesian and new Keynesian approaches; a final chapter on contemporary institutionalist thought in the light of globalization and postmodernism.
Simon Head
- Published in print:
- 2005
- Published Online:
- October 2011
- ISBN:
- 9780195179835
- eISBN:
- 9780199850211
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195179835.003.0001
- Subject:
- Economics and Finance, Behavioural Economics
This chapter examines the so-called new economy of the U.S. that was widely celebrated at the turn of the millennium. This economy was sustained by strong investment, low inflation and the renewed ...
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This chapter examines the so-called new economy of the U.S. that was widely celebrated at the turn of the millennium. This economy was sustained by strong investment, low inflation and the renewed global supremacy of U.S. technology. It was driven up by investments in new information technologies. However, it was the same industry that drove the economy down starting in 2001. Thus, the near boundless optimism at the turn of the century was replaced by anxiety in a matter of two and a half years.Less
This chapter examines the so-called new economy of the U.S. that was widely celebrated at the turn of the millennium. This economy was sustained by strong investment, low inflation and the renewed global supremacy of U.S. technology. It was driven up by investments in new information technologies. However, it was the same industry that drove the economy down starting in 2001. Thus, the near boundless optimism at the turn of the century was replaced by anxiety in a matter of two and a half years.
P. A. Geroski
- Published in print:
- 2003
- Published Online:
- November 2003
- ISBN:
- 9780199248896
- eISBN:
- 9780191596308
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199248893.003.0001
- Subject:
- Economics and Finance, Microeconomics
Introduces the subject of the book: the common features in early phases of development of a new market. Illustrating with the surge of internet and the market for supercomputers as examples, it ...
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Introduces the subject of the book: the common features in early phases of development of a new market. Illustrating with the surge of internet and the market for supercomputers as examples, it postulates that the ‘new economy’ is not much different from the ‘old economy’. It then sketches the main arguments that will be analysed in the book highlighting the role of innovation, the conditions for entry in a new market, the emergence of a dominant design, and dynamics of the early markets.Less
Introduces the subject of the book: the common features in early phases of development of a new market. Illustrating with the surge of internet and the market for supercomputers as examples, it postulates that the ‘new economy’ is not much different from the ‘old economy’. It then sketches the main arguments that will be analysed in the book highlighting the role of innovation, the conditions for entry in a new market, the emergence of a dominant design, and dynamics of the early markets.
Alnoor Bhimani
- Published in print:
- 2003
- Published Online:
- August 2004
- ISBN:
- 9780199260386
- eISBN:
- 9780191601231
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199260389.003.0013
- Subject:
- Economics and Finance, Financial Economics
This chapter examines the management and control of new economy firms (NEFs). NEFs need management and financial control systems to keep them alive under market pressures. However, these should be ...
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This chapter examines the management and control of new economy firms (NEFs). NEFs need management and financial control systems to keep them alive under market pressures. However, these should be carefully designed and implemented, and kept relatively light and simple to maintain the creativity and flexibility inherent in NEFs.Less
This chapter examines the management and control of new economy firms (NEFs). NEFs need management and financial control systems to keep them alive under market pressures. However, these should be carefully designed and implemented, and kept relatively light and simple to maintain the creativity and flexibility inherent in NEFs.
Juan Carlos Moreno-Brid and Jaime Ros
- Published in print:
- 2009
- Published Online:
- May 2009
- ISBN:
- 9780195371161
- eISBN:
- 9780199870608
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195371161.003.0002
- Subject:
- Economics and Finance, Economic History
Chapter 2 examines the five decades that go from Mexico's independence from Spain in the 1820s to the early 1870s, a period when there is consensus that the nation's current economic underdevelopment ...
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Chapter 2 examines the five decades that go from Mexico's independence from Spain in the 1820s to the early 1870s, a period when there is consensus that the nation's current economic underdevelopment may have originated. The chapter reviews the key characteristics of the economy of New Spain on the eve of independence and the disruptive effects of the wars of independence on economic activity. It proceeds then to focus on the constraints to economic development resulting from political instability, the decline of mining activity, foreign competition, institutional backwardness, and the lack of transport infrastructure and financial capital. It contrasts the economic programs of liberals and conservatives. It argues that, unfortunately, the coalition to forge a developmental state could not emerge because of highly antagonistic views by the politically liberal and the conservative factions on matters regarding the role of the state in the economy and the pace of political and social modernization. The failure to build a developmental coalition impeded the removal of the key obstacles to economic development in this decades.Less
Chapter 2 examines the five decades that go from Mexico's independence from Spain in the 1820s to the early 1870s, a period when there is consensus that the nation's current economic underdevelopment may have originated. The chapter reviews the key characteristics of the economy of New Spain on the eve of independence and the disruptive effects of the wars of independence on economic activity. It proceeds then to focus on the constraints to economic development resulting from political instability, the decline of mining activity, foreign competition, institutional backwardness, and the lack of transport infrastructure and financial capital. It contrasts the economic programs of liberals and conservatives. It argues that, unfortunately, the coalition to forge a developmental state could not emerge because of highly antagonistic views by the politically liberal and the conservative factions on matters regarding the role of the state in the economy and the pace of political and social modernization. The failure to build a developmental coalition impeded the removal of the key obstacles to economic development in this decades.
