The Emerging Digital Economy
INTRODUCTION
During the past few years, the United States economy has performed beyond most expectations. A shrinking budget deficit, low interest rates, a stable macroeconomic environment, expanding international trade with fewer barriers, and effective private sector management are all credited with playing a role in this healthy economic performance.
Many observers believe advances in information technology (IT), driven by the growth of the Internet,*1 have also contributed to creating this healthier-than-expected economy.