The future of the Internet economy

Secretary-General of the OECD
Today, barely more than a decade after its first commercial incarnation, it is difficult to think of a policy domain that is not affected by the Internet.

The Internet and the constellation of information technologies it connects are viewed as essential ingredients in addressing some of the world's most pressing policy issues: sustainable and increasing economic growth, ageing societies, environmental management, energy efficiency, the eradication of poverty, and many more. The implications for economic and social development are far-reaching and profound, including for the next several billion users.
For these reasons I am delighted that the Future of the Internet Economy will be the subject of the first OECD ministerial meeting ever to be hosted in Asia. Taking place in Seoul, Korea, in June, the meeting will examine the implications of the rapid growth in use and reliance on the Internet for our economies and societies as well as discuss the policies and practices needed to guide the future of the Internet economy.The Seoul ministerial meeting is ideally placed to build the international co-operation needed to take advantage of the opportunities enabled by the Internet economy. Ministers from OECD as well as many non-member countries, together with all other stakeholders, will strive to articulate a collective vision of a desirable future economy and society supported by the Internet.Realising this vision will, more than ever, require action by all stakeholders and increasing cross-border co-operation, which is at the heart of the OECD’s mission.• See and ©OECD Observer No 268 June 2008

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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