The New Economy

The New Economy THE NEW ECONOMY It works in America. Will it go global? It seems approximately too practiced to be true. With the information technology sector leading the way, the U.S. has enjoyed roughly 4% step-up since 1994. Unemployment has fallen from 6% to ab set off through 4%, and inflation just keeps getting get down and lower. Leaving out food and energy, consumer inflation in 1999 was simply 1.9%, the smallest increase in 34 years. This spectacular boom was not built on smoke and mirrors. Rather, it reflects a willingness to undertake spacious risky investments in innovative information technology, combined with a decade of retooling U.S.

fiscal markets, governments, and corporations to cut costs and increase flexibility and efficiency. The result is the supposed New Economy: faster growth and lower inflation. roughly corporate executives and policymakers in Europe and Asia, one time skeptical intimately the U.S. performance, have taken this lesson to heart. There atomic number 18 still widespread misgiv...If you want to get a dear essay, order it on our website: OrderEssay.net

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