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Article: Conferring on the new economy.(Brief Article)
- Article from:
- Monthly Labor Review
- Article date:
- April 1, 2000
CopyrightCOPYRIGHT 2000 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On April 5, participants of a White House Conference on the New Economy pondered the implications of today's information technology innovations on the economy and on society more broadly. This precis will focus on the economic issues addressed in a five-speaker panel and a speech by Federal Reserve Chairman Alan Greenspan.
There was little debate on the issue of whether or not a new economy existed. Greenspan noted, "It's certainly become increasingly difficult to deny that something profoundly different from the typical postwar business cycle has emerged in recent years." Investment executive Abby Joseph Cohen identified 1994 or 1995 as the inflection point ...