Creating New Markets in the Digital Economy


Book Description

This book provides practical advice to help readers innovate and identify new business models, products and services within the connected digital economy.







The Digital Economy


Book Description

Looks at how the Internet is affecting businesses, education, and government, touching on the twelve themes of the new economy and privacy issues




Understanding the Digital Economy


Book Description

The rapid growth of electronic commerce, along with changes in information, computing, and communications, is having a profound effect on the United States economy. President Clinton recently directed the National Economic Council, in consultation with executive branch agencies, to analyze the economic implications of the Internet and electronic commerce domestically and internationally, and to consider new types of data collection and research that could be undertaken by public and private organizations. This book contains work presented at a conference held by executive branch agencies in May 1999 at the Department of Commerce. The goals of the conference were to assess current research on the digital economy, to engage the private sector in developing the research that informs investment and policy decisions, and to promote better understanding of the growth and socioeconomic implications of information technology and electronic commerce. Aspects of the digital economy addressed include macroeconomic assessment, organizational change, small business, access, market structure and competition, and employment and the workforce.




The Economics of Digital Transformation


Book Description

The unprecedented Covid-19 crisis revealed the scale and scope of a new type of economy taking shape in front of our very eyes: the digital economy. This book presents a concise theoretical and conceptual framework for a more nuanced analysis of the economic and sociological impacts of the technological disruption that is taking place in the markets of goods and services, labour markets, and the global economy more generally. This interdisciplinary work is a must for researchers and students from economics, business, and other social science majors who seek an overview of the main digital economy concepts and research. Its down-to-earth approach and communicative style will also speak to businesses practitioners who want to understand the ongoing digital disruption of the market rules and emergence of the new digital business models. The book refers to academic insights from economics and sociology while giving numerous empirical examples drawn from basic and applied research and business. It addresses several burning issues: how are digital processes transforming traditional business models? Does intelligent automation threaten our jobs? Are we reaching the end of globalisation as we know it? How can we best prepare ourselves and our children for the digitally transformed world? The book will help the reader gain a better understanding of the mechanisms behind the digital transformation, something that is essential in order to not only reap the plentiful opportunities being created by the digital economy but also to avoid its many pitfalls. Chapters 1, 3 and 5 of this book are available for free in PDF format as Open Access from the individual product page at www.routledge.com. They have been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.




Economic Analysis of the Digital Economy


Book Description

There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain poorly understood. This volume aims to set the agenda for research in the economics of digitization, with each chapter identifying a promising area of research. "Economics of Digitization "identifies urgent topics with research already underway that warrant further exploration from economists. In addition to the growing importance of digitization itself, digital technologies have some features that suggest that many well-studied economic models may not apply and, indeed, so many aspects of the digital economy throw normal economics in a loop. "Economics of Digitization" will be one of the first to focus on the economic implications of digitization and to bring together leading scholars in the economics of digitization to explore emerging research.




Improving Business Performance Through Innovation in the Digital Economy


Book Description

In the 21st century, advancements in the digital world are bringing about rapid waves of change in organizational management. As such, it is increasingly imperative to discover ways for businesses to adapt to changes in the markets and seize various digital marketing opportunities. Improving Business Performance Through Innovation in the Digital Economy is an essential reference source for the latest research on the impact of digital computing. It investigates new economic and entrepreneurial approaches to enhancing community development. Featuring research on topics such as business ethics, mobile technology, and cyber security, this book is ideally designed for knowledge workers, business managers, executives, entrepreneurs, small and medium enterprise managers, academicians, researchers, students, and global leaders seeking coverage on the management of sustainable enterprises.







Taming the Shrew


Book Description

The digital economy is all around us in our every-day lives and we rely on digital products more and more. Approximately 2 billion people are connected to the internet worldwide - a figure that is said to increase to 3 billion in the near future. The European Commission recognises that the digital economy '... is the single most important driver of innovation, competitiveness and growth, and it holds huge potential for European entrepreneurs and small and medium-sized enterprises (SMEs)'. The importance placed on the digital economy has recently been emphasised by the attention granted to the Google Shopping case, in which the European Commission found Google to have abused its dominant position as a search engine by giving an illegal advantage to its own comparison shopping service. In doing so it denied other companies to compete on merits and innovate as well as denying European consumers a genuine choice of services. Interestingly, European businesses are lagging behind those from other regions in the world in their exploitation of the digital economy. The European Commission is therefore intent on providing support in various forms to its own companies and improve their competitiveness globally. One of the many ways to encourage growth is by ensuring that there is a strong competition policy in place that can boost competition and innovation. The challenge is whether the competition rules (i.e. Article 101 and 102TFEU and the Merger Regulation) are still fit for purpose when dealing with the digital economy? That is, are we able to continue to make use of the traditional competition law tools with respect to the digital economy? Especially, when the digital economy appears to present new and different market characteristics that test our traditional understanding of competition within a market. The digital economy has been branded as having a 'competition-to-dominance trait', meaning that the market characteristics lend themselves to 'automatically' creating market power for the company that fulfils certain conditions. Therefore at the heart of this paper is the question, should market power in relation to unilateral conduct be defined differently in the digital economy, under the notion that the digital economy is an untameable shrew within the current competition rules.




How Revolutionary Was the Digital Revolution?


Book Description

The final section considers the political ramifications of information technology for critical societal debates ranging from privacy to intellectual property. The contributors to the book map out how the digital revolution shakes up politics, creating new economic and political winners and losers. In order to do so, they connect theories of political economy to the implications of digital technology for international as well as national markets.Attempts to construct a framework for analyzing the international digital era: one that examines the ability of political actors to innovate and experiment in spite of, or perhaps because of, the constraints posed by digital technology. This book examines the reaction of nations to the dual challenges of globalization and technological change.How do high wage countries stay rich in a global digital economy? "How Revolutionary was the Revolution" constructs a framework for analyzing the international digital era: one that examines the ability of political actors to innovate and experiment in spite of, or perhaps because of, the constraints posed by digital technology. In order to assess the revolutionary nature of the digital era, this book takes four overlapping approaches. First, it examines the reaction of nations, specifically Finland, Japan, and emerging markets, to the dual challenges of globalization and technological change. This section identifies both successful and failed national experiments intended to deal with these dual pressures. Second, it assesses corporate attempts to leverage digital technology to reorganize work. A broad range of issues including off-shoring, open source production systems, and knowledge management are addressed. Third, devoting detailed analysis to the case of mobile telephones, the book offers insights into the political economy of market evolution in the digital era.