Digital Economy
Nirvikar Singh, University of California, Santa Cruz
Introduction
Information Technology, the Digital Economy, and E-Commerce
Defining the Digital Economy
E-Commerce
E-Business
Size and Growth of the Digital Economy
Internet Use
Types and Measures of Online Transactions
Information Technology and GDP
Information Technology, Growth, and Productivity
Implications for Markets and Organizations
Information and Markets
Information as an Economic Product
Market Structure and Strategy
Changes in Firm Organization
Security
Security Issues
Security Techniques
Legal and Market Approaches
Government Policies
Intellectual Property
Privacy
Antitrust Policy and Regulation
International Trade
Work, Play, and Communities
Location of Work
Leisure Activities
Online Communities
Conclusion
Glossary
Cross References
References
Further Reading
INTRODUCTION
“IT and the Internet amplify brain power in the same way that the technologies of the industrial revolution amplified muscle power.”
—Bradford DeLong, Professor of Economics, University of California, Berkeley, quoted in Woodall (2000)
The purpose of this chapter is to explain what the “digital economy” is and how it fits into broader economic trends that are shaping the economies of the United States and other countries. Essentially, the term “digital economy” can refer to the use of digital information technology in various forms of economic activity and its effects on economic activity. As such, the term includes more specific ...
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