Spikes, Flats and Bumps on the Road to the New Economy

Maryantonett Flumian John Milloy
December 6, 2005

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These days, economic pundits sound a lot like elementary school teachers giving a geography lesson. “The world is flat!” says Thomas Friedman in his new book of the same title. “The world is spiky!” reports Richard Florida in an October Atlantic Monthly article.

But the lesson they’re trying to teach isn’t physical geography – it’s economic. Their basic question has to do with how we map the shape of the New Economy.

The starting point in the debate is always the same – information and communications technology has changed our economy in fundamental ways. We now compete globally, not just …

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