Summary of The Current and Future State of the Sharing Economy

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Like Airbnb and Uber, more and more companies and individuals are fueling the rapid growth of the sharing economy. And some of these firms are becoming powerhouses, with multibillion-dollar valuations. Yet, as this revealing article from researchers Niam Yaraghi and Shamika Ravi illustrates, regulations have yet to catch up with a sector that could potentially become a significant part of the world’s economy by 2025. getAbstract recommends this comprehensive text to anyone interested in the future of the sharing economy and the companies behind it.

In this summary, you will learn

  • What types of businesses constitute the sharing economy,
  • What factors are influencing the growth and development of this economic sector, and
  • What experts project as the future for these enterprises.
 

About the Authors

Niam Yaraghi is a fellow at the Brookings Institution, where Shamika Ravi is a senior fellow.

 

Summary

Generally described as “the peer-to-peer-based activity of obtaining, giving, or sharing the access to goods and services, coordinated through community-based online services,” the sharing economy has touched the lives of most people, even if they don’t always recognize the term or agree on an exact...

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