[x-pubpol] OECD 2012 Internet Economy Outlook Report Released

Joly MacFie joly at punkcast.com
Thu Oct 4 12:35:34 PDT 2012


(Via: Lauren Weinstein )

http://policybythenumbers.blogspot.com/2012/10/internet-outlook-good.html

*Derek Slater and Betsy Masiello are Policy Managers at Google.*

The Internet is the most powerful infrastructure we’ve seen yet for the
creation, exchange, and implementation of new ideas. By facilitating access
to information and collaboration at previously unimaginable scale, one
small idea shared online can quickly grow into a world-changing one. As a
result, the Internet has become a wellspring of innovation and renewal
across the economy, and the numbers prove it <http://www.valueoftheweb.com/>
.

Today the OECD has released its 2012 Internet Economy
Outlook<http://www.oecd.org/sti/interneteconomy/ieoutlook.htm>,
a comprehensive look at the Internet’s ongoing role in transforming the
global economy. The report opens with a landmark chapter on measuring the
Internet economy. This is a significant addition to the research literature
on this subject in part because, as the OECD notes, “there is still no
widely accepted methodology for assigning an economic value to the
Internet.” They find that up to 13% of business sector value added in the
United States in 2010 could be attributed to Internet-related activities—as
much as transportation, construction and utilities combined.

Ongoing data analysis of the sort undertaken by the OECD here can help
inform government priorities and policy developments. Earlier this summer,
we released a paper<http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2104350>
outlining
a set of policy ideas that put key qualities that have made the Internet
such a vibrant source of innovation at the center of driving economic
growth and renewal. With more data demonstrating the value of the Internet
to global economies, policymakers will have even more evidence that
policies to encourage the development of a robust internet economy to
thrive will result in huge economic returns.



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