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New economy: new direction?
So much was expected from the companies active in the so-called new economy. This was to be the answer to our prayers--a new direction for the Switzerland of the new millennium. But with the high-tech bubble burst the companies of the new economy have had a rude awakening, both abroad and here in Switzerland.
The new economy is most often seen as referring to an economy that is propelled by technology, where entrepreneurial thinking and innovations are abundant. Obviously this is an important market for Switzerland to develop, according to UBS Warburg senior economist Martin Bogli. "Given that Switzerland is a small country that is not naturally endowed with...See the full content of this document
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