The rapid development and diffusion of the information and communications technology (ICT) is the major driving force of the New Economy. While there is ample evidence to suggest that the ICT industry has contributed a great deal to the overall economic growth of the developed countries, its role in the developing countries is far from clear. The pressure of unemployment that may result from IC...

In the emergence of transformative global economy, information system has became a necessity in businesses to obtain organizations operational excellence, adaptation to new business models, improved decision making and providing exceptional customer service, and eventual competitive advantage of the enterprise setting while keeping business alliances. This paper presents sectors of economy serv...

Together with a sense of entering a New Economy, the US experienced in the second half of the 1990s an economic expansion, a stock market boom, a financing boom for new firms and productivity gains. In this paper, we propose an interpretation of these events within a general equilibrium model with financial frictions and decreasing returns to scale in production. We show that the mere prospect ...

The growth of the sharing economy is driven by the emergence of sharing platforms, e.g., Uber and Lyft, that match owners looking to share their resources with customers looking to rent them. The design of such platforms is a complex mixture of economics and engineering, and how to “optimally”design such platforms is still an open problem. In this paper, we focus on the design of prices and sub...

In this paper we argue that the business model underlying the new economy is based on the following interrelated and self-reinforcing forces: 1. The development of a new strategy of opportunity, which focuses on the use of creative innovation to open up new market spaces, rather than using exploitive innovation to prolong the life of

Sharing economy is a transformative socio-economic phenomenon built around the idea of sharing underused resources and services, e.g. transportation and housing, thereby reducing costs and extracting value. Anticipating continued reduction in the cost of electricity storage, we look into the potential opportunity in electrical power system where consumers share storage with each other. We consi...

BACKGROUND Historically, implementing nutrition policy has confronted persistent obstacles, with many of these obstacles arising from political economy sources. While there has been increased global policy attention to improving nutrition in recent years, the difficulty of translating this policy momentum into results remains. DISCUSSION We present key political economy themes emanating from ...

Indexing terms Telecommunications Economic growth Developing countries Network externalities Econometrics Project title WTO/GATS and Economic Development: Key to the " new economy " ?

Virtual-currency has become an important service and brought a great profit to SNS companies in China. In this paper, based on some economic theory and algorithms, we systematically analyze the operation mechanisms of the virtualcurrency in China. Three models, the ideal model, the actual model and the improved model are given to illustrate how virtual-currency services bring profit to SNS serv...