Sustaining the New Economy will require public policies that remain relevant to the rapid technological changes that characterize it. While data and its timely analysis are key to effective policy-making, we do not yet have adequate statistical images capturing changes in productivity and growth brought about by the information technology revolution. This report on a STEP workshop highlights the need for more information and the challenges faced in measuring the New Economy and sustaining its growth.
Table of Contents
|I. Executive Summary||1-6|
|Welcome to the New Economy||32-43|
|Panel I: Defining and Measuring the New Economy||44-49|
|Raising the Speed Limit: U.S. Economic Growth in the Information Age||50-59|
|Panel II: Drivers of the New Economy||60-61|
|Semiconductors: The Arrival of the New Economy||62-68|
|Semiconductors: Economics of the New Economy||69-73|
|Microprocessors and Computers: Five Trends||74-81|
|Microprocessors and Computers: The Phenomenon of Price Declines||82-88|
|Panel III: Communications and Software||89-89|
|Software: The Challenge to Getting There||95-99|
|Panel IV: Applications and Policy Issues||100-100|
|Economic Issues of E-Business||105-110|
|E-Business Policy Issues||111-114|
|Investments in Information Technology Applications||115-118|
|Old Business to E-Business: The Change Dynamic||119-123|
|Panel V: Roundtable Discussion||124-134|
|A. Raising the Speed Limit: U.S. Economic Growth in the Information Age||137-222|
|B. Biographies of Speakers||223-238|
|C. Participants List||239-242|
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