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New Economy 20100128 00:08

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The New Economy was an evolution of developed countries from an industrial/manufacturing-based wealth producing economy into a service sector[2]asset-based economy[3], brought about byglobalization and currency manipulation[citation needed] by governments and their central banks, following strategic changes influenced[citation needed] by writers such as Kevin Kelly[4]. Some analysts claimed that this change in the economic structure of the United States had created a state of permanent steady growth, low unemployment, and immunity to boom and bustmacroeconomic cycles[5]. They believed that the change rendered obsolete many business practices[6]. Sent from my iPhone