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New Economy |
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New EconomyThis term was used in the late 1990's to suggest that globalization and/or innovations in information technology had changed the way that the world economy works. Conjectures included changes in productivity, the inflation-unemployment tradeoff, the business cycle, and the valuation of enterprises.Similar MatchesMarket economyMarket economyA country in which most economic decisions are left up to individual consumers and firms interacting through markets. Contrasts with central planning and non-market economy. Newly Industrializing EconomyNewly Industrializing EconomyNewly Industrializing Country Bubble economyBubble economyTerm for an economy in which the presence of one or more bubbles in its asset markets is a dominant feature of its performance. Japan was said to be a bubble economy in the late 1980s. Open-economy multiplierOpen-economy multiplierThe simple Keynesian multiplier for a small open economy. Equals 1/(s+m), where s is the marginal propensity to save and m is the marginal propensity to import. Non-market economyNon-market economyA country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy. Further SuggestionsMature economyClosed economy Open economy Tiger economy Integrated World Economy Ministry of Economy, Trade and Industry Mixed economy Command economy Political economy of protection Political economy old economy stocks Small open economy Emerging economy Pure exchange economy Barter economy Goldilocks economy External economy black economy Goldilocks economy Radical political economy External diseconomy |
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