BROWSE

Old Economy

Definition

Old Economy Village is a historic settlement in Ambridge, Beaver County, Pennsylvania, United States. Administered by the Pennsylvania Historical and Museum Commission, it lies on the banks of the Ohio River and is surrounded by downtown Ambridge. The Village is the last of three settlements established by the Harmony Society in the United States. Established in 1824, it was designated a National Historic Landmark District in 1966 under the name of "Old Economy."

What is 'Old Economy'

A term for the old blue chip industries that enjoyed fabulous growth during the early parts of the century as industrialization around the globe, and particularly in the United States, expanded. Since the new economy has arrived, old economy companies have still experienced growth, but at a declining rate.

Explaining 'Old Economy'

The old economy contrasts with the new economy, where technological innovation is key. Although old economy firms have been changed dramatically by technology, there is a limit to how much technology can continue to improve the industry.

Industries that are commonly considered to be involved in the old economy are energy, steel, and automobile manufacturers.


Further Reading


The Renewal of the Old Economy
www.ingentaconnect.com [PDF]
… DSTI/DOC (2001) 5 2 THE RENEWAL OF THE OLD ECONOMY: AN INTERNATIONAL COMPARATIVE … ICT-using manufacturing and service industries and the rest of the economy (the “non … paper presented at the annual meeting of the Netherlands Royal Economic Society …

Corporate governance and cash holdings: Listed new economy versus old economy firmsCorporate governance and cash holdings: Listed new economy versus old economy firms
onlinelibrary.wiley.com [PDF]
… DSTI/DOC (2001) 5 2 THE RENEWAL OF THE OLD ECONOMY: AN INTERNATIONAL COMPARATIVE … ICT-using manufacturing and service industries and the rest of the economy (the “non … paper presented at the annual meeting of the Netherlands Royal Economic Society …

UK executive compensation practices: new economy versus old economyUK executive compensation practices: new economy versus old economy
meridian.allenpress.com [PDF]
… DSTI/DOC (2001) 5 2 THE RENEWAL OF THE OLD ECONOMY: AN INTERNATIONAL COMPARATIVE … ICT-using manufacturing and service industries and the rest of the economy (the “non … paper presented at the annual meeting of the Netherlands Royal Economic Society …

B2B, old economy businesses and the role of qualityB2B, old economy businesses and the role of quality
www.emerald.com [PDF]
… DSTI/DOC (2001) 5 2 THE RENEWAL OF THE OLD ECONOMY: AN INTERNATIONAL COMPARATIVE … ICT-using manufacturing and service industries and the rest of the economy (the “non … paper presented at the annual meeting of the Netherlands Royal Economic Society …

Reflections on the “old” economy,“new” economy, and servicesReflections on the “old” economy,“new” economy, and services
onlinelibrary.wiley.com [PDF]
… DSTI/DOC (2001) 5 2 THE RENEWAL OF THE OLD ECONOMY: AN INTERNATIONAL COMPARATIVE … ICT-using manufacturing and service industries and the rest of the economy (the “non … paper presented at the annual meeting of the Netherlands Royal Economic Society …

Consumer power: a comparison of the old economy and the Internet economyConsumer power: a comparison of the old economy and the Internet economy
link.springer.com [PDF]
… DSTI/DOC (2001) 5 2 THE RENEWAL OF THE OLD ECONOMY: AN INTERNATIONAL COMPARATIVE … ICT-using manufacturing and service industries and the rest of the economy (the “non … paper presented at the annual meeting of the Netherlands Royal Economic Society …

The impact from changes in stock market valuations on investment: new economy versus old economyThe impact from changes in stock market valuations on investment: new economy versus old economy
www.tandfonline.com [PDF]
… DSTI/DOC (2001) 5 2 THE RENEWAL OF THE OLD ECONOMY: AN INTERNATIONAL COMPARATIVE … ICT-using manufacturing and service industries and the rest of the economy (the “non … paper presented at the annual meeting of the Netherlands Royal Economic Society …


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