The Public Policy Challenge of the New Economy

  • Paul A. Geroski


Much has been written about the so-called “new economy” in recent years. It somehow seems to have arisen from nowhere, and continues to grow and expand at breathtaking speed. It has transformed the competitive landscape of a number of important sectors in most advanced economies, and is inducing a convergence between countries traditionally based on quite different technologies. For some, the new economy has brought into being “new rules” of the competitive game; for others, it has at least put an interesting new twist on the “old rules”. Either way, there is no gainsaying the proposition that life in the new economy poses several major challenges for anyone who is involved with it.


Industrial Policy Competition Policy Patent Holder Policy Coherence Procurement Policy 
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© Springer Science+Business Media New York 2003

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  • Paul A. Geroski

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