The Wave of the New Economy

The book New Economic Wave focuses on the origins of the new economy, the sources of the new economic wave, its essence, structure, and soul. I. Origins of the New Economy. The new economy develops from the traditional economy and is a process of natural evolution. In its long-term development, the traditional economy has produced a bottleneck of "three excesses," namely excess production capacity, excessive resource consumption, and excessive environmental pollution. To meet the practical demand for solving these "three excesses," the new economy emerged as the times require. II. Sources of the New Economic Wave. Today's new technological revolution is developing at an accelerated pace and has an unprecedented impact on the economy. New technology is the source of the new economy, driving the torrent of the new economic wave forward, wave after wave. III. Essence of the New Economy. The essence of the new economy is creation; creation drives everything, which is the fundamental difference between the new economy and the traditional economy. The new economy must shift from unlimited labor to unlimited computing power, and through unlimited computing power, gain unlimited creativity. IV. Structure of the New Economy. The new economy is a creative economy, whose main structure consists of five major economies: customer economy, digital economy, green economy, service economy, and innovation economy. The metaverse is a new economy oriented toward the future and possesses strong vitality. V. Soul of the New Economy. The new economy begins with new technology and is achieved through new thinking. New technology is "technique," and new thinking is "the Way"; "the Way" is the soul. The "Way" of new thinking is innovation in values, and it is the soul of the new economy.