The Future of the Internet Economy

The Internet has, in a short space of time, become fundamental to the global economy. More than a billion people worldwide use it, both at work and in their social lives. Over the past three decades it has grown from an experimental research network and now underpins a range of new economic activities as well as activities and infrastructures that support our economies, from financial markets and health services to energy and transport.
But are we making the most of what the Internet has to offer our economies and societies? What are likely future developments, and can we make sure they are positive ones?

Major changes are taking place in how we access the Internet and how we make use of it. As a result, the Internet’s reach, capabilities and potential achievements are high on the policy agenda in OECD and non-OECD countries.

The Internet offers access to a host of activities through both wired and wireless technologies. It provides a platform for innovation, for new communication technologies, the provision of new products and services and access to an unparalleled wealth of information. But this also raises concerns, notably in the area of reliability, scalability, security and openness of access. If global supply-chain management depends on the Internet, then a breakdown or security breach could cause major economic damage. If people’s personal data are compromised online, it may breach their privacy or affect many other aspects of their lives.

Looking forward, the Internet is poised to connect an ever-greater number of users, objects and information infrastructures. This means that the policy framework governing its use and development also needs to be adaptable, carefully crafted and co-ordinated across policy domains, borders and multiple stakeholder communities.

This Policy Brief looks at likely future developments in the Internet economy, and how all stakeholders can help the Internet to meet the increasing demands made upon it, continue to drive innovation, provide new communications services and platforms, while being secure and respecting privacy.