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How Real Is the "New Economy"?

from Robert Hopkins (RobertSHopkins@mail.mke.etn.com)
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I enjoyed reading your IMF essay and the related article in the 15-21 April Economist.

One issue which interests me considerably is the relation of global economic prosperity to the purported importance of the "new economies." Specifically, the Economist article argued that innovations in telecommunications are "greater and more far-reaching" than the "greatest breakthroughs of the past two centuries."

Do you agree? If so, what specifically do you see as these "telecommunications innovations" and why are they so ground breaking?

I appreciate your busy schedule, but would be grateful for your consideration.

(posted 8760 days ago)

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