created significant potential for increasing productivity.7 Expanding and deepening the adoption of information technologies across the economy is also seen as an essential component to sustaining the productivity growth characteristics of the New Economy.

To address these issues the Board on Science, Technology, and Economic Policy convened a symposium on “Measuring and Sustaining the New Economy” on October 6, 2000. As the STEP Board’s Vice-Chair, Bill Spencer noted, the symposium was convened out of both a sense of opportunity and a sense of uncertainty. While sustaining the New Economy is crucial for sustaining U.S. prosperity, a lack of data leaves unresolved many related policy questions. The symposium brought together a group of national experts to examine where additional information and research is needed on growth in the Information Age. The participants focused their deliberations on defining and measuring the New Economy, examining its technological drivers, and expanding applications of advanced technologies across the economy.


See Robert E. Litan and Alice M. Rivlin. 2000. “The Economy and the Internet: What Lies Ahead?” Internet Policy Institute: <>, November.

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