The New Economy is Simply Capitalism on Steroids

In the recent years, the ? youthful Economy? has been a democratic communication and buzzword especially during the 1990s. Many people wondered what just now ?New Economy? (NE) really means since this is, as so to speak, how our frugality is being transformed and contemporarily described as. commodious and Antony describes NE as ?a series of changes in the economic beautify that resulted from application?s massive investment in in the altogether information and communication technologies (ICT) over the past ten dollar bill years or so? (Broad and Antony, 2006: 22). The phenomenon of NE goes hand-in-hand with two classical growing arcs. The initial trend involves globalization where there is a rapid step-up in the spread of capitalism in the world such(prenominal) as cosmos of market forces, freer trade, and widespread of deregulating of pecuniary and labour markets. On the other hand, the second trend includes the mutation in the information technology where one stac k key how the industrial revolution is driven by computerized exertion of goods and services. In addition to this, one prat observe the evoke emergence dependence of society on technologies such as the Internet, private computers, machines, and so on. With the introduction of NE the last decade, it can be argued whether or not the NE is really a phenomenon that is something freshly.

This establish will discuss the two articles by Nakamura and by Broad and Antony regarding the issue of the NE. In this paper, I will argue and guide the existence of NE as nothing new simply simply capitalism with a new portray in the first place because globalization and capit! alism associated with NE has existed earlier before the introduction of the NE. According to Nakamura, he strongly believes that the NE is a new event that has been occurring until today. He proves his report by illustrating the apparent pitch from... If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper