In the previous decade, technology fueled one of the most dynamic eras of growth the U.S. has ever seen. What drove the national economy then and what could provide similar results now?

During the early 1990s, lower import and energy prices combined with lower inflation rates, to stabilize the economy. Acceleration in the pace of technological change and the continuing globalization of the economy helped to raise productivity. Almost 18 million new jobs were created between 1993 and 1999, wages rose at twice the rate of inflation, and unemployment and inflation were at their lowest levels in three decades.