Five states -- Massachusetts, Washington, Maryland, Delaware and New Jersey -- are leading the United States' transformation into a global, entrepreneurial and knowledge- and innovation-based, or "new" economy, according to a new report released this week.
The 2008 State New Economy Index found that Mississippi and West Virginia ranked lowest among the states in making the transition to the "new economy." The other lowest-scoring states include Arkansas, Alabama and Wyoming.
The report said the new economy has taken root in the Northeast, mid-Atlantic, Mountain West and Pacific regions. Fourteen of the top 20 states are in those regions. In contrast, 16 of the 20 lowest-ranking states are in the Midwest, Great Plains and Southern regions.
The index measures states' economic structures. Rather than measuring state economic performance or state economic policies, it focuses on a single question: To what degree does the structure of state economies match the ideal structure of the new economy? ...read more here
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