Major Business and Technology Trends Shaping the Contemporary World

CHAPTER 4

The Sharing Economy

1. Rise of Sharing Economy
2. The Essence of Sharing Economy
3. A New Economic Logic
4. The Drivers of Sharing Economy
5. Four Industries Revolutionized by the Sharing Economy
6. The Consequences of Sharing Economy

Rise of Sharing Economy

Sharing economy or the collaborative economy is an important global trend that is leading us beyond what we have experienced as consumers, workers, owners, and communities. It is based on our ability to share our possessions, services, and needs. It affects many industries, including hospitality, tourism, transport, and lending. More importantly, sharing economy is driven by multiple technological, social, cultural, and economic forces. As Amazon.com and eBay capitalized on the connectivity of ...