The Economic Payoff from the Internet Revolution

The Economic Payoff from the Internet Revolution

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This volume contains detailed analyses of how the Internet revolution could bring economic benefits --primarily improved productivity and higher quality --in the eight sectors of the U.S. economy that collectively account for over 70 percent of the Gross Domestic Product (GDP): automobile manufacturing and sales, non-auto manufacturing, higher education and private-sector training, financial services, government, health care, retailing, and trucking.Credit cards, while not radically transformed in operational aspects, have begun to see some volume of new origination online.4 In addition, leading credit card companies, such as Capital One Financial, have been some of the largest users of Internet advertising among aquot;traditionalaquot; companies. ... The company claims that it captures approximarely 25 percent of all online credit card applications.

Title:The Economic Payoff from the Internet Revolution
Author: Robert E. Litan, Alice M. Rivlin
Publisher:Brookings Institution Press - 2010-12-01

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