(Paras.1-4)Backgroundinformationofwhyitisfashionabletotalkofthe“neweconomy”.(Paras.5-11)ExplainingwhattheNewEconomyisaboutandwhatitisnotabout.(Paras.12-16)TheevidencethathasbeengatheredonthefundamentalchangesintheUnitedStatesandotherOECDeconomies.(Paras.17-23)Keypolicyconsiderationsthatmightbederived.PartⅠGeneralstatement(Paras1-9)ThedevelopmentandtheimportanceoftheNewEconomy.PartⅡNewrulesgoverningtheNewEconomy(Paras10-19)thelawofconnection:embracedumbpower.(Paras20-31)Thelawofplentitude:moregivesmore.InEconomy::Organizationsinthepastwerelarge,slowandpyramidal.Powerwasbasedonwhocontrolledcapital.Todaywearemovingtowardaknowledgeeconomywherecreationanddisseminationofknowledgeisthemeanstocontrol.Neworganizationsareflexible,dynamicanddramaticallylowerinland,laborandcapitalrequirements.It’sthequalityandproductivity,ratherthanthevolume,ofworkersthatdefinetheneweconomy.
InPolitics:Thepoliticallypowerfulcontrolledthemeanstoproduction.Democracywasmitigatedbyeconomics.Informationwastop-down,tightlycontrolled,andslowmoving.Wearemovingintoanewinformationandknowledgeismoreaccessible;andthecreationofknowledgeandconstantlearningismadeeasier,empowermentismademoretenable(althoughnotagiven).
InCulture:Dualincomehouseholds,increasedworkloads;andcommutetimehadadetrimentaleffectoncultureandthequalityoflife.Newworkplacedesignsandtelecommutingaffordmoretimeforleisureandfamily.Cultureisbasedlessoncapitalattainmentandmoreonknowledgeacquisition.
InTechnology:Earlytechnologyimplementationdevaluedworkersasitwasusedtoreplacepeopleandtoreducecosts.Emergingtechnologycharacteristicsinclude:(1)creationofvirtualspaces(2)interactivityofwork(3)disintermediation,providingdirectcommunication(4)immedi