In the late '90s many commentators believed that investment in information technology had ushered in a new golden age.
        
        
     
    
 replied to:  tjared
         
        
            
            Replied to:  In the late '90s many commentators believed that investment in information...
         
        The New Economy has its basis in innovations such as the Internet and nanotechnologies.
        
        
     
    
 replied to:  tbone
         
        
            
            Replied to:  The New Economy has its basis in innovations such as the...
         
        Ashot Grigoryan believies that the new economy is a Kondratiev wave which will end in the 2040s.