page_title: New economy
hierarchical_section_title: New economy
caption_attribution_description: English: Balance of payments by country as of 2006
context_page_description: The New Economy referred to the on-going development evolved from the notions of the classical economy as a result not only from the transition from a manufacturing-based economy to a service-based economy, but also meant the new horizons resulted from the constant emerging of new parameters of new technology and innovations. This popular use of the term started from the dot-com bubble of the late 1990s, where high growth, low inflation and high employment of this period led to overly optimistic predictions and many flawed business plans.
context_section_description: The New Economy referred to the on-going development evolved from the notions of the classical economy as a result not only from the transition from a manufacturing-based economy to a service-based economy, but also meant the new horizons resulted from the constant emerging of new parameters of new technology and innovations. This popular use of the term started from the dot-com bubble of the late 1990s, where high growth, low inflation and high employment of this period led to overly optimistic predictions and many flawed business plans.
caption: Account balance in 2006[1]
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