链典4矮降贸多大 高级商务英语阅读 Supplementary Readings for Chapter 2 The New Economy (1) Did Someone Say 'New Economy'? By Scott Patterson June16,2004 LAST WEEK'S NEWS that a border collie named Rico has a vocabulary topping 200 words was intriguing,and a little strange.But rest assured-Rico isn't ready to compete for your accounting job just yet(there's a guy in India ready to do that).Dogs are a long way from understanding math, much less the complex economic theories found in books such as Roger Alcaly's "The New Economy:And What It Means for America's Future,"which just came out in paperback.That's too bad for Rico,because "The New Economy"is a surprisingly insightful,optimistic primer on the powerful economic forces transforming the world today.(The hardcover version was published in 2003.) First,a note on the title."New economy"is a much-maligned catchphrase from the dot-com bubble that basically meant we were all going to get rich by buying shares of Pets.com.Alcaly,a former senior economist with the Federal Reserve and manager of equity investments for Mount Lucas Management,a New Jersey investment firm,is aware of the negative connotations of the phrase, and that's one of the reasons he chose it. "The title was intended to be a little ironic,"says Alcaly,"because in the late 1990s,when the bubble was inflating in tech stocks and particularly dot-com stocks,everybody justified the bubble by saying that this was a new economy."What people have forgotten after the collapse of the bubble and the recession of 2001-02,he says,is that there was a kernel of truth to the concept of a new economic model."There was a change in the way the economy did business,in the way companies are organized and in the flexibility and coordination of financial markets,"he says. 第1页共13页高级商务英语阅读 Supplementary Readings for Chapter 2 The New Economy (1) Did Someone Say 'New Economy'? By Scott Patterson June 16, 2004 LAST WEEK'S NEWS that a border collie named Rico has a vocabulary topping 200 words was intriguing, and a little strange. But rest assured — Rico isn't ready to compete for your accounting job just yet (there's a guy in India ready to do that). Dogs are a long way from understanding math, much less the complex economic theories found in books such as Roger Alcaly's "The New Economy: And What It Means for America's Future," which just came out in paperback. That's too bad for Rico, because "The New Economy" is a surprisingly insightful, optimistic primer on the powerful economic forces transforming the world today. (The hardcover version was published in 2003.) First, a note on the title. "New economy" is a much-maligned catchphrase from the dot-com bubble that basically meant we were all going to get rich by buying shares of Pets.com. Alcaly, a former senior economist with the Federal Reserve and manager of equity investments for Mount Lucas Management, a New Jersey investment firm, is aware of the negative connotations of the phrase, and that's one of the reasons he chose it. "The title was intended to be a little ironic," says Alcaly, "because in the late 1990s, when the bubble was inflating in tech stocks and particularly dot-com stocks, everybody justified the bubble by saying that this was a new economy." What people have forgotten after the collapse of the bubble and the recession of 2001-02, he says, is that there was a kernel of truth to the concept of a new economic model. "There was a change in the way the economy did business, in the way companies are organized and in the flexibility and coordination of financial markets," he says. 第 1 页 共 13 页