The New Economy Business Model and Sustainable Prosperity

作者: William Lazonick

DOI: 10.2139/SSRN.1134982

关键词:

摘要: With its startup firms, vertical specialists, venture capital, and highly mobile labor, the New Economy business model (NEBM) is one that remains dominant in United States, it many national policy-makers corporate executives around world seek to emulate. At same time, within a has been associated with volatile stock markets, unequal incomes, unstable employment, including insecurity offshoring of high-skill ICT jobs. Gone collective security corporatist Old once offered employees. In place far more individualized relation between employer employee. The employment incomes even most educated members US labor force are now much susceptible pressures vagaries “market forces” than they were few decades ago. particular, global markets financial exert preponderant influences on conditions high-tech States. If we define “sustainable prosperity” as state economic affairs which growth results stable an equitable distribution income, then prosperity economy would appear be unsustainable. There need understand organizational industrial dynamics NEBM if only determine how tapping innovative capability might rendered compatible socially desirable outcomes.

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