Source: Executive Summary
Internet Matters: The Net's sweeping impact on growth, jobs, and prosperity.
"Two billion people are connected to the internet. Almost $8 trillion exchange hands each year through e-commerce. In some developed markets, about two-thirds of businesses have a Web presence of some kind, and one-third of small to medium-sized businesses extensively use Web technologies. The internet has transformed the way we live, the way we work, the way we socialize and meet, and the way our countries develop and grow. In two decades the internet has changed from a network for researchers and geeks to a day-to-day reality for billions of people. Our research sheds new light on the revolution and helps explain the direct link between the internet and economic vitality."
" ... The internet bridges vast distances and has made the world flatter by allowing instant access to an endless stream of information that can immediately be brought into play. Its impact on economic wealth reaches well beyond pure players in the industry. Indeed, the brunt of its economic contribution derives from established industries that, in the shadow of the internet, have become more productive, have created more jobs, have increased standards of living, and have contributed more to real growth. Our research shows that more than 75 percent of the value added created by the internet is in traditional industries.
The internet has influenced every corner of the world, not just the West...."
Internet Matters: The Net's sweeping impact on growth, jobs, and prosperity.
"Two billion people are connected to the internet. Almost $8 trillion exchange hands each year through e-commerce. In some developed markets, about two-thirds of businesses have a Web presence of some kind, and one-third of small to medium-sized businesses extensively use Web technologies. The internet has transformed the way we live, the way we work, the way we socialize and meet, and the way our countries develop and grow. In two decades the internet has changed from a network for researchers and geeks to a day-to-day reality for billions of people. Our research sheds new light on the revolution and helps explain the direct link between the internet and economic vitality."
" ... The internet bridges vast distances and has made the world flatter by allowing instant access to an endless stream of information that can immediately be brought into play. Its impact on economic wealth reaches well beyond pure players in the industry. Indeed, the brunt of its economic contribution derives from established industries that, in the shadow of the internet, have become more productive, have created more jobs, have increased standards of living, and have contributed more to real growth. Our research shows that more than 75 percent of the value added created by the internet is in traditional industries.
The internet has influenced every corner of the world, not just the West...."
