Klodt, Henning - Institut für Weltwirtschaft (IfW) - 2001
The New Economy should not be discounted as a temporary stock market phenomenon, but should be recognized as a real and … sustainable phenomenon. The basic feature of the transition towards the New Economy is the rising importance of information …—both as output and input good—in virtually all sectors of the economy. It would be fallacious to interpret the New Economy as …