"When we talk about the new economy, we're talking
about a world in which people work with their brains instead of their
hands. A world in which communications technology creates global
competition - not just for running shoes and laptop computers, but
also for bank loans and other services that can't be packed into a crate
and shipped. A world in which innovation is more important than mass
production. A world in which investment buys new concepts
or the means to create them, rather than new machines. A world in which
rapid change is a constant. A
world at least as different from what came before
it as the industrial age was from its agricultural predecessor. A world
so different its emergence can only be described
as a revolution."
(from Wired's Encyclopedia of the New Economy) |