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Measuring and Sustaining the New Economy Report of a Workshop (2002) / Chapter Skim
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I. Executive Summary
Pages 1-6

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From page 3...
... These expected benefits did not materialize at least in ways that were readily measured. This phenomenon was called the "computer paradox," after Robert Solow's remark in 1987 that "we see the computer age everywhere except in the productivity statistics." By the mid-199Os, however, new data began to reveal an acceleration of growth accompanying a transformation of economic activity.
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From page 4...
... The rapid rate of technological innovation in information technologymost evident in the observance of Moore's Law seems to underpin the New Economy's productivity gains. Structural changes have arisen from a reconfiguration of knowledge networks and new patterns of business activity made possible by innovations in information technology.
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From page 5...
... Sustaining the New Economy over the longer run thus may depend to a considerable extent on continued technological innovations and the supporting policies needed to preserve the pace of technological advance envisaged in Moore' s Law. EXPANDING THE NEW ECONOMY Developments in the semiconductor industry have enabled a swift decline in the price of information technologies.
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From page 6...
... 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.
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Key Terms

  • technological innovation
  • labor productivity
  • information age
  • production processes
  • economy appear

  • supporting policies
  • finally embodied
  • capital investment
  • broader public
  • essential factor

  • technological advance
  • technologies rarely
  • declines abruptly
  • semiconductor industry
  • property protection

  • structural changes
  • computer manufacturing
  • knowledge networks
  • macroeconomic data
  • service industries

  • leaves unresolved
  • policy framework
  • national experts
  • technology sector
  • combine elements

  • advanced technologies
  • hitt argue
  • advance envisaged
  • time savings
  • reflect soaring


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