Knowledge Economy no more, says ministry paper

Buzzword alert: 'The Knowledge Economy' has been retired. In its new e-commerce briefing paper, the Ministry of Economic Development says it's just the 'New Economy'.

Buzzword alert: "The Knowledge Economy" has been retired. In its new e-commerce briefing paper, the Ministry of Economic Development says it's just the "New Economy".

The paper's authors make a point of dispensing with the phrase that, for better or worse, dominated the debate on economic strategy before the last election, noting that "New Economy better captures the idea that all this is not just about new knowledge based industries, but about new ways of approaching all economic activity in order to capture the greatest growth potential."

The Ministry of Economic Development has made the briefing paper available online.

The paper sees the former Ministry of Commerce warming to its new role and title, declaring that "facilitating the growth of electronic commerce in New Zealand will play an important part in economic development."

The paper covers both the general implications of the network-driven new economy and "the strengths and weaknesses in the current state of electronic commerce policy work in New Zealand."

"In particular," says the paper's preamble. "The government needs to move faster on creating the right environment for electronic commerce."

The paper's thrust suggests the ministry has readily taken on the more active approach towards e-commerce development and offering "a process for moving forward, including strong ministerial leadership, improved co-ordination across departments, and a sufficiently resourced co-ordinating body to manage the process,report to Ministers etc."

Its appendix includes a range of initiatives that might be included in a "New Zealand Electronic Commerce Readiness Strategy".

Join the newsletter!

Error: Please check your email address.
Show Comments

Market Place

[]