Accepting Quote by Laurence Meyer
“I accept the proposition that there has been a significant improvement in underlying productivity growth in the United States, that it is very closely tied to improvements in information and communications technology, and that it is likely to spread around the world. But I resist the new economy label because it seems to encourage a disrespect for the old rules that could seriously undermine our success in taking advantage of the new opportunities.”
About This Quote
Source Speech: Economic Forum, 2005
The US productivity boost stems from ICT advances, but labeling it “new economy” may erode proven practices.
In simple terms: Tech drives growth, but old rules still matter.
Key Takeaway
Balance innovation with proven methods.
Themes
productivity
technology
economics
Mood
cautious
analytical
Type
analytical
policy
When to use this quote
- business strategy
- policy making
- investment decisions
- corporate planning
Key Concepts
information technology
growth dynamics
Questions to Reflect On
- How can firms leverage tech without discarding effective old practices?
- What safeguards preserve stability amid rapid change?
A Different Perspective
Overemphasis on novelty can ignore systemic risks.
