information economy

Cultural  

1. A term describing the growing reliance of firms on the Internet in the 1990s. Some have argued that firms' speedier and wider access to information has led to significant gains in productivity.

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Example Sentences

“Basic communication is part of our information economy, and there will be huge implications for our economy if we don’t get this right.”

From Washington Times

What changed, suggests recent research by Dr. Hurst and others, is how the economy values different skills: The rise of the information economy over the last half-century lavished rewards on college-educated workers, especially those most adept at abstract reasoning and problem-solving.

From New York Times

As industrial America gradually yielded to services and the information economy, rising inequality “undermined the common faith that Americans need to create a successful multi-everything democracy,” he asserts.

From Washington Post

Data is indeed the fuel of the information economy, but it is more like solar energy than oil — a renewable resource that can benefit everyone at once, without being diminished.

From New York Times

On “Folklore,” she sings about them more subtly in “Mirrorball,” “Hoax” and “Peace,” coming to terms with her place in the information economy.

From New York Times