High-Technology Industries and Market Structure
نویسنده
چکیده
The term “New Economy’’ refers to a golden, or at least gilded, age in the late 1990s that was driven by optimism about the financial prospects for information technology (IT). There were three back-toback investment shocks during this period: telecommunications deregulation in 1996, the “year 2K’’ problem in 1998-1999, and the “dot.com’’ boom in 1999-2000. These events stimulated significant investment in information technology in a number of industries, leading to a very rapid expansion of IT-producing industries.
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