BUSINESSWEEK ONLINE : JANUARY 31, 2000 ISSUE
COVER STORY -- THE NEW ECONOMY

The Road to the New Economy


Here's what countries must do to get a high-productivity, low-inflation economy

BOOST INVESTMENT SPENDING on information technology as a share of GDP

RESTRUCTURE CORPORATIONS to cut costs, improve flexibility, and make better use of technology

OPEN FINANCIAL MARKETS to direct capital to the best uses

DEVELOP VENTURE CAPITAL and IPO markets to aid innovative companies

ENCOURAGE AN ENTREPRENEURIAL CULTURE and make it easier to start new businesses

INCREASE THE PACE OF DEREGULATION especially in telecom and labor markets

ADJUST MONETARY POLICY to the realities of the New Economy by waiting for inflation to appear before raising interest rates

DATA: BW


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RELATED ITEMS
The New Economy

COVER IMAGE: The New Economy

TABLE: The Road to the New Economy

CHART: Growth Accelerates as Inflation Falls...Tech Spending Soars...

CHART: ...Exports Bounce Back...Internet Usage Takes Off

CHART: The Danger: Skilled Labor Shortages...

CHART: ...And Rising Commodity Prices

CHART: Who's Ahead?



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