You may ask me what is new about the new economy. In one respect nothing . The heart of the economy is, as it always has been, - grounded in human nature. It is an economy where risk, uncertainty and constant change are the rule, rather than the exception. Competitive advantages increasingly stem from customization, design quality and customer service.
More value added is produced in offices.
Government all over the world, like Mauritius, are establishing New Economy Policy frameworks. Businesses are forced to embrace new practices and societies are adopting new attitudes. We are faced with the challenge of creating a progressive economic policy framework, that will support and foster continued adaptation, including policies that lead to a fully digitalized economy, characterized by continuous high levels of innovation and a highly educated and skilled workforce. The new innovative-oriented policy framework, will rest on five pillars. The limitation of the telecommunication backbone can be the biggest stumbling block in the development of the ICT industry.