链男母经降贸多大量 高级商务英语阅读 dizzying days of 2000,but strong all the same.It's clear that this was more than a one-time burst of energy that has dissipated.Rather,we've barely scratched the surface of New Economy digital transformation.To paraphrase Mark Twin,reports of the New Economy's demise have been greatly exaggerated. Broadband Internet connections continue to grow by more th 50 percent a year.Venture capitalists invested more in 2001 than in any year prior to 1999 and more than they did in the years 1990 to 1996 combined.Corporate R&D as a share of GDP reached an all-time high in 2000.E-commerce retail sales in the last year grew 2.5 time faster than total retail sales. Business investments in formation technology fell relative to 2000 levels,but were 15 percent higher than 1999 levels.And a host of new technologies,including voice recognition,expert systems,smart cards,e-books,cheap storage devices,new display devices and video software, intelligent transportation systems,"third generation"wireless communication devices,and robots,are poised to be commercialized. But even though the IT revolution is still only in its adolescence and exciting times are ahead,we need to remember that the New Economy was never just about the Internet and what investors Jim Clark and writer Michael Lewis dubbed the"next new thing." Rather,the New Economy is about the transformation of all industries and the overall economy.As such,the New Economy represents a complex array of forces.These include the reorganization of firms,more efficient and dynamic capital markets,more economic "churning"and entrepreneurial dynamism,relentless globalization,continuing economic competition,and increasingly volatile labor markets.And there is every reason to believe that these forces that produced a turnaround in productivity and wage growth in the last half of the 1990s will continue to produce equally strong growth in the first decade of the 2000s.As a result,there are a number of new economic realities that states need to contend with. First,new industries,especially traded services and E-businesses,are becoming a more important share of the economic base of regions.As manufacturers continue to dramatically boost productivity,factory jobs continue to decline as a share of total employment while jobs in services grow.For example,Navistar's Indianapolis engine plant spent $285 million in new investments between 1995 and 2000 with the result that while it took 900 people to produce 175 engines a day in 1994,the same 900 workers produce 1,400 today.As a result of efforts by Navistar and the nation's other 360,000 manufacturing firms,manufacturing jobs now account for just 13.4 percent of employment.Even in traditionally manufacturing-oriented states like Michigan and North Carolina,manufacturing employment is only 19.8 percent and 18.2 percent of all jobs,respectively.This is not to say that manufacturing is not important;it's usually the economic base sector that brings in money from outside the region that in turn supports local-serving businesses (e.g.dry cleaners).But it does mean that states that look to growing sectors,many of which will be outside of manufacturing,will be the ones that succeed. Second,most industries and firms,even "traditional ones",are organizing work around technology.While the "high-tech"firms focus on developing new technologies,all of them must be using advanced technology to be successful.For example,manufacturers who use more technologies (e.g.computer-aided design)in their production processes pay higher wages,export more,and are more productive than manufacturers who do not.States whose 第7页共9页高级商务英语阅读 dizzying days of 2000, but strong all the same. It’s clear that this was more than a one-time burst of energy that has dissipated. Rather, we’ve barely scratched the surface of New Economy digital transformation. To paraphrase Mark Twin, reports of the New Economy’s demise have been greatly exaggerated. Broadband Internet connections continue to grow by more th 50 percent a year. Venture capitalists invested more in 2001 than in any year prior to 1999 and more than they did in the years 1990 to 1996 combined. Corporate R&D as a share of GDP reached an all-time high in 2000. E-commerce retail sales in the last year grew 2.5 time faster than total retail sales. Business investments in formation technology fell relative to 2000 levels, but were 15 percent higher than 1999 levels. And a host of new technologies, including voice recognition, expert systems, smart cards, e-books, cheap storage devices, new display devices and video software, intelligent transportation systems, “third generation” wireless communication devices, and robots, are poised to be commercialized. But even though the IT revolution is still only in its adolescence and exciting times are ahead, we need to remember that the New Economy was never just about the Internet and what investors Jim Clark and writer Michael Lewis dubbed the “next new thing.” Rather, the New Economy is about the transformation of all industries and the overall economy. As such, the New Economy represents a complex array of forces. These include the reorganization of firms, more efficient and dynamic capital markets, more economic “churning” and entrepreneurial dynamism, relentless globalization, continuing economic competition, and increasingly volatile labor markets. And there is every reason to believe that these forces that produced a turnaround in productivity and wage growth in the last half of the 1990s will continue to produce equally strong growth in the first decade of the 2000s. As a result, there are a number of new economic realities that states need to contend with. First, new industries, especially traded services and E-businesses, are becoming a more important share of the economic base of regions. As manufacturers continue to dramatically boost productivity, factory jobs continue to decline as a share of total employment while jobs in services grow. For example, Navistar’s Indianapolis engine plant spent $285 million in new investments between 1995 and 2000 with the result that while it took 900 people to produce 175 engines a day in 1994, the same 900 workers produce 1,400 today. As a result of efforts by Navistar and the nation’s other 360,000 manufacturing firms, manufacturing jobs now account for just 13.4 percent of employment. Even in traditionally manufacturing-oriented states like Michigan and North Carolina, manufacturing employment is only 19.8 percent and 18.2 percent of all jobs, respectively. This is not to say that manufacturing is not important; it’s usually the economic base sector that brings in money from outside the region that in turn supports local-serving businesses (e.g. dry cleaners). But it does mean that states that look to growing sectors, many of which will be outside of manufacturing, will be the ones that succeed. Second, most industries and firms, even “traditional ones”, are organizing work around technology. While the “high-tech” firms focus on developing new technologies, all of them must be using advanced technology to be successful. For example, manufacturers who use more technologies (e.g. computer-aided design) in their production processes pay higher wages, export more, and are more productive than manufacturers who do not. States whose 第 7 页 共 9 页