Summary of The Hyperconnected Economy

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The Hyperconnected Economy summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Importance

7 Innovation

8 Style


Recommendation

Economists are only now beginning to quantify the impact on GDP of the Internet and other technological innovations, while businesses are still trying to navigate their next steps in the digital revolution. This instructive study from the Economist Intelligence Unit offers a top-level look at how “the hyperconnected economy” offers nations and firms unprecedented opportunities as well as unique challenges. getAbstract recommends this report to business leaders interested in learning how their organizations can best leverage these new technologies.

In this summary, you will learn

  • How the Internet and other technologies have an impact on GDP and other measures of economic progress,
  • How web expansion into emerging markets promises to improve economic growth in those regions, and
  • Why consumers’ concerns for their privacy may affect their adoption of new technologies.
 

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

The Internet, mobile technology and the shrinking costs they’ve spawned have been altering businesses and economies since the 1990s, but, to date, few have measured their economic impact. One analysis estimates that, for 13 developed and developing economies, the Internet accounted for 3.4% of GDP and for 20% of growth between 2004 and 2009. Another study figures that the Internet will be responsible for roughly 8% of the output from the world’s 20 major economies by 2016. If developing markets in Africa, Latin America and parts of Asia could attain Internet penetration rates of 70% to 90% – akin to developed-market levels – they would collectively realize a 25% uptick in productivity, a 72% increase in GDP growth and 140 million new jobs.


More on this topic

By the same author

The Strategic CFO in a Rapidly Changing World
The Strategic CFO in a Rapidly Changing World
7
Worldwide Cost of Living 2018
Worldwide Cost of Living 2018
8
Cause for Concern?
Cause for Concern?
9
A Summary of the Liveability Ranking and Overview
A Summary of the Liveability Ranking and Overview
7
Who’s Got Something to Hide?
Who’s Got Something to Hide?
8
Breaking Borders
Breaking Borders
8
Financial Services: China
Financial Services: China
7
The Economist Intelligence Unit's Liveability Survey
The Economist Intelligence Unit's Liveability Survey
7
Brazil
Brazil
8
India
India
8
Energy
Energy
6
Automotive
Automotive
7

Customers who read this summary also read

China’s Mobile Economy
China’s Mobile Economy
7
Preparing for Disruption
Preparing for Disruption
9
Cash Is Dead, Long Live Cash
Cash Is Dead, Long Live Cash
8
World Trade in Services
World Trade in Services
8
Cryptoassets
Cryptoassets
8
Virtual Billions
Virtual Billions
8

Related Channels

Comment on this summary