New Economy
Overview
 
The New Economy is a term to describe the result of the transition from a manufacturing-based economy to a service-based economy. This particular use of the term was popular during the Dot-com bubble
Dot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...

 of the late 1990s. The high growth, low inflation and high employment of this period led to overly optimistic predictions and many flawed business plans.
A 1983 cover article in Time magazine, "The New Economy", described the transition from heavy industry to a new technology based economy.
 
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