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长达111个月的超长经济增长周期,伴随着低通涨、低失业率,一时间被美国克林顿政府自誉为“新经济时代”。美国经济界乃到全球经济界,都在力图揭示这个长期景气的奥秘。联系到美国经济中信息产业的迅速突进,基因层次的生命技术的突破,新材料、新能源技术的成就,人们无不认定,新经济来自于知识经济、高新技术产业的快速发展,这种“新经济”的实质是以现代高新技术产业为主要发动机的新的发展模式,它可能具有高知识密集度、高市场需求、高速成长和高附加值等“四高”的特点。尽管一些经济学家可能预言,一个长期景气的后面必将跟着一个长期萧条,或者发出网络技术过度虚拟化的经济必将蕴含着巨大泡沫的警告。但是,90年代以来,这种以知识经济为主导的美国经济毕竟将昔日曾经要超越美国的日本远远地甩到后面,毕竟在一片东亚危
The 111-month long-term economic growth cycle, accompanied by low inflation and low unemployment, has been acclaimed as the “new economy era” by the U.S. Clinton administration for a time. The U.S. economic community, as well as the global economic community, is trying hard to reveal the mystery of this long-term prosperity. In connection with the rapid development of the information industry in the U.S. economy, breakthroughs in life science and technology at the genetic level, achievements in new materials and new energy technologies, people all came to the conclusion that the new economy has come from the rapid development of knowledge-based economy and high-tech industries, New economy "is a new development model based on modern high-tech industries as the main engine. It may have characteristics such as high knowledge intensity, high market demand, rapid growth and high added value. Although some economists may predict that a long-term boom will inevitably follow a long-term slump, or send an over-virtualized economy of network technology, there will be a huge bubble of warning. However, since the 1990s, the U.S. economy dominated by a knowledge-based economy has, after all, far behind Japan, which once had to overtake the United States, far behind in the East Asian crisis