Beyond the Dot.coms: The Economic Promise of the Internet
May 2004 · Bloomsbury Publishing PLC
Ebook
120
Pages
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About this ebook
A Brookings Institution Press Internet Policy Institute publication
In just a few years, the Internet has had a visible impact on the daily lives of many Americans. But the recent demise of many of the ""dot coms"" that symbolized the Internet revolution has raised warning flags about its future.
Until now, discussion of the impact of the Internet on the economy has been mostly speculation. In Beyond the Dot.coms, two of the nation's most respected economists articulate the anticipated economic impact of the Internet over the next five years. Drawing from detailed research conducted by the Brookings Task Force on the Internet and the Berkeley Roundtable on the International Economy (BRIE) Internet Task Force (see page 10), Robert Litan and Alice Rivlin address the Internet's potential impacts on productivity, prices, and market structure.
The research suggests that the most significant economic impact of the Internet will be its potential to increase productivity growth in the existing economy with cheaper transactions, greater management efficiency, increased competition and broadened markets, more effective marketing and pricing, and increased consumer choice, convenience, and satisfaction. The greatest impact may not be felt in e-commerce, but rather in a wide range of ""old economy"" arenas, including health care and government.
In just a few years, the Internet has had a visible impact on the daily lives of many Americans. But the recent demise of many of the ""dot coms"" that symbolized the Internet revolution has raised warning flags about its future.
Until now, discussion of the impact of the Internet on the economy has been mostly speculation. In Beyond the Dot.coms, two of the nation's most respected economists articulate the anticipated economic impact of the Internet over the next five years. Drawing from detailed research conducted by the Brookings Task Force on the Internet and the Berkeley Roundtable on the International Economy (BRIE) Internet Task Force (see page 10), Robert Litan and Alice Rivlin address the Internet's potential impacts on productivity, prices, and market structure.
The research suggests that the most significant economic impact of the Internet will be its potential to increase productivity growth in the existing economy with cheaper transactions, greater management efficiency, increased competition and broadened markets, more effective marketing and pricing, and increased consumer choice, convenience, and satisfaction. The greatest impact may not be felt in e-commerce, but rather in a wide range of ""old economy"" arenas, including health care and government.
About the author
Alice M. Rivlin was a key player in national economic and social policymaking for nearly sixty years, serving in the administrations of Presidents Lyndon Johnson, Bill Clinton, and Barack Obama. She was the founding director of the Congressional Budget Office and was director of the Office of Management and Budget—the first woman to serve in either of those roles—and a vice chair of the Federal Reserve. She was a senior fellow in Economic Studies at the Brookings Institution for nearly six decades and also taught public policy at Georgetown, Harvard, and other universities. Her numerous books include Systematic Thinking for Social Action and Reviving the American Dream.
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