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New economy

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Updated: Aug 20, 2021

An economy based on the service sector and financial activities. The name emerged in the 1990s to capture the shift of the US economy away from a manufacturing base. The dotcom boom of the later 1990s was seen as part of the process of moving to the new economy.

Reference: Oxford Press Dictonary of Economics, 5th edt.


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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.