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new economy

noun
1.
the postindustrial world economy based on internet trading and advanced technology
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Contemporary definitions for new economy
noun

a policy plan to turn over the control of some US federal programs to state and local governments and provision of block grants and revenue sharing

Examples

Richard Nixon promoted the idea of new federalism.

Usage Note

new federalist n

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