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Beyond the Dot.Coms: The Economic Promise of the Internetby Robert E. Litan
Synopses & Reviews
In "Beyond the Dot.coms," two of the nations most respected economists articulate the anticipated economic impact of the Internet over the next five years.
Book News Annotation:
Co-published with the Internet Policy Institute, and written by two leading economists, this text analyzes the impact of the Internet on "old economy" sectors such as manufacturing, retail, and trucking. Drawing upon research conducted by the Brookings Institution's Task Force on the Internet, the authors contend that the Internet will have its most significant impact on the economy through productivity enhancements that lower transaction costs and improve efficiency.
Annotation c. Book News, Inc., Portland, OR (booknews.com)
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 nations 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 Internets 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 economywith 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.
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