For instance, the American economy has experienced gains in output due its position as a producer and exporter of it goods. That sector has lifted average productivity in the whole economy. Producer in aggregate terms is still making gains. This suggests there may be some new economy gains for Australia that are still to come. In principle, the Internet provides a great opportunity for Australian exporters as it breaks down the 'tyranny of distance' between Australia and the rest of the world.
Australian businesses can now put their wares on a homepage for the entire world to see.
At the same time, the new economy can break down the 'tyranny of distance' within Australia too. Electronic networking can assist remote regions in Australia in the same way that the railways assisted the economic development of country towns and aviation opened up outback Australia. According to the new publication, exporters are more engaged in the new economy than the average Australian company. The majority of exporters have Internet access regardless of whether they are large or small. Exporters are also more likely to provide their staff with training in 'new economy' techniques and increase the computer and technological assets of the business.