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How to keep growing “new economies”

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  • Jerry L. Jordan

Abstract

Rather than debate whether technical advances have created a ?new economy,? economists should focus on the more interesting and useful question: How do we create the sort of environment in which innovation and the productive use of new technology thrive, thereby creating economic prosperity? This Economic Commentary discusses the features governments must incorporate into their institutions in order to build an economic infrastructure that promotes prosperity.

Suggested Citation

  • Jerry L. Jordan, 2000. "How to keep growing “new economies”," Economic Commentary, Federal Reserve Bank of Cleveland, issue Aug.
    • Handle: RePEc:fip:fedcec:y:2000:i:aug15
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    Keywords

    Economic development;

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