‘—

Taylor Definition- New Economy

New Economy

According to Taylor’s text, the New Economy emerged during the late nineties and was based solely on the buying and selling of ordinary goods; taking material that was available offline and making it available online. However, in 2000 capital funds increased significantly and online shopping failed to keep up. The New Economy vanished but gave way to a “second bubble”, Web 2.0 which monetized our sociability. Taylor states “To put it another way, Web 2.0 is not about users buying products; rather, users are the product.” (p.14)

Group Members:

Janelle Figueroa
Deborah Markewich
Steve Jeannot
Angeline Henriquez

Comments are closed.