What's the 'new economy'? And has it crossed the Pacific to New Zealand?

The objectives of this article are twofold. The first is to examine explanations for the recent performance of the United States economy. We examine both ‘New Economy’ and other more conventional explanations. The second objective is to see whether ‘New Economy’ factors have had an impact on the New Zealand economy. “When the facts are unclear, I keep an open mind.” John Maynard Keynes.