The Public Policy Challenge of the New Economy

Much has been written about the so-called "new economy" in recent years. It somehow seems to have arisen from nowhere, and continues to grow and expand at breathtaking speed. It has transformed the competitive landscape of a number of important sectors in most advanced economies, and is inducing a convergence between countries traditionally based on quite different technologies. For some, the new economy has brought into being "new rules" of the competitive game; for others, it has at least put an interesting new twist on the "old rules" ...