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E-commerce -- an application of the Internet -- has expanded exponentially over the past 5 years and is widely expected to continue to develop rapidly in the medium-term. Much, however, remains to be done to fully exploit the opportunities offered by e-commerce. And as e-commerce develops, it could have profound impacts in individual sectors of the economy as well as for macroeconomic performance and economic policies. This paper assesses the potential outcomes and economic impacts of e-commerce in the business to business and business to consumer spheres; the forces underlying its expansion and the possible implications for structural and macroeconomic policy management ...
In this paper, we analyse the potential contribution of the Internet and its commercial application to the development process in poor countries. In historical perspective, the Internet has diffused at a far faster rate than earlier generations of communications technology: from 1990 to early 2000, the estimated number of Internet users grew more than tenfold to roughly 300 million, affecting the way in which people communicate with each other, acquire information, learn, do business, and interact culturally. Our particular focus is on the opportunities e-commerce offers to small-scale entrepreneurs in developing countries and the challenges they face in exploiting e-commerce’s potential.
There is a risk that a “digital divide” will emerge, reinforcing existing income and wealth inequalities within and between countries. Yet, a major potential benefit of globalisation is the freer movement of technology, including information and communication technology (ICT), across borders. In ...
This brief discusses how the COVID-19 crisis is accelerating an expansion of e-commerce towards new firms, customers and types of products, likely involving a long-term shift of e-commerce transactions from luxury goods and services to everyday necessities. It also highlights how policy makers can leverage the potential of digital transformation in retail and related areas to support business adaptation and to enhance social distancing, while ensuring that no one is left behind.
In this paper the authors describe the outline of an analysis of disruptive technologies presented by Christensen in his book, The Innovator’s Dilemma. They go on to argue that the analysis can be applied to the practice of e-learning as it has been developed in higher education in the United Kingdom, and possibly elsewhere. They suggest that current moves away from fully developed e-learning and towards “blended learning” can be understood in terms of Christensen’s analysis, and that the move may be an indication that large, established organisations have difficulty in adjusting to disruptive technologies. They conclude that much research needs to be done in the area of e-learning, especially small scale studies of how e-learning can be used away from the established culture of formal education. This is an approach to market research that is also contained in Christensen’s analysis. In summary, they argue that Christensen’s analysis offers some important insights into the process of adopting e-learning solutions in higher education, and also suggests some fruitful directions for future research.
One year ago most economic observers predicted that "fundamentals" were such that the euro was set to appreciate. In the event, the opposite has occurred. This has rekindled a debate on how well foreign exchange markets reflect fundamental determinants and led to calls for greater exchange rate stability, possibly through the introduction of formal exchange rate target zones. The first part of the paper focuses on these issues. It also looks at the euro’s prospects as an international currency. To give a better sense of perspective, the paper compares recent exchange rate movements and measures of volatility with longerterm trends. The article argues that the difference in cyclical conditions in the United States and the euro area seems to have been a dominant factor driving the sizeable euro depreciation since early 1999, although when evaluated against longer term trends it appears much less dramatic; the euro is presently at about its past 5-year average level expressed in nominal effective terms ...
Environmental, social, and governance (ESG) products are increasingly being used as a tool to assess the alignment of company targets and objectives with actions to support an orderly low-carbon transition. Building on existing OECD research on ESG ratings, and particularly the environmental ‘E’ pillar, this report seeks to understand the underlying data and metrics developed by ESG rating providers and their alignment with lower carbon emissions as well as with climate frameworks and initiatives.
New teachers entering the profession are said to bring with them enthusiasm, idealism and recent training – a promising combination for innovative teaching. However, these early career teachers are also commonly portrayed as professionals facing exceptional challenges, with fragile identities who leave the career in high proportions. Can these new teachers help schools to innovate while trying to perform as effective teachers during their initial years? This paper argues that the difficulties most early career teachers encounter, which have largely remained unchanged over the last 50 years, are embedded characteristics of the teaching profession. Further, it discusses the importance of the first five years of the teacher career in acquiring critical professional skills, and highlights the importance of context over experience per se. The paper concludes by making the case that these first five years could work as a residency for early career teachers – similar to that of medical training – where they could receive support to experiment in sheltered environments. This professional residency might represent a policy milestone in the building of a continuum of teachers’ professional growth and development.
The early childhood education and care (ECEC) workforce is foundational for providing high-quality learning, development and well-being experiences for young children. Policies can support the development of this workforce by addressing requirements for initial education and continuing professional development, as well as the working conditions of ECEC staff. Examining different policy approaches with a focus on Ireland and Luxembourg, this Policy Brief highlights key opportunities for peer learning across countries interested in enhancing process quality in ECEC through workforce development.
This paper considers the role of economics in abuse of dominance cases. Economic analysis and evidence has become increasingly important in the context of effects-based approaches to assessing possible abuse of a dominant position. The paper sets out the core economic framework for assessment of abuse of dominance including the balancing of over- and under- enforcement and the relevance of the characteristics of the markets and economies in question. It comments, in particular, on the challenges faced by authorities in developing and middle-income countries given the rapid expansion of competition law in these jurisdictions. The economic tests in different types of exclusionary and exploitative abuses of dominance are considered along with the practical challenges in the gathering of evidence and undertaking appropriate assessments. The role of economists in cases, including as experts providing testimony on the part of private parties, is examined. This paper was prepared as a background note for a discussion on Economic Analysis and Evidence in Abuse Cases held at the 2021 OECD Global Forum on Competition.
Economic analysis is central to effective merger review. This paper was prepared as background for a discussion on Economic Analysis in Merger Investigations held at the 2020 OECD Global Forum on Competition.
Accessibility is one of the key aspects of current transport planning, especially in reliance to public transport and pedestrian traffic facilities. This paper deals with this subject by outlining which are or could be the benefits of improved accessibility to the transport system with a special focus on economic benefits and the tourism sector. Therefore selected existing studies will be analysed. Besides the legal background and social aspects of accessibility related to the transport sector will be covered.
The first section deals with the legal background and social aspects of accessibility in the transport sector. It shows that nowadays in many countries accessibility of transport systems is not a voluntary task but a task bound by law and that an accessible environment is not only essential for people with disabilities and necessary for up to 40% of the population but also a matter of comfort for all users.
The second section outlines which are or could be the economic benefits of improved accessibility to the transport system. Two studies from Norway used the states preference method to monetize and prioritise different universal design measures. In general this method seems to work also as a tool for analyzing economic benefits of accessibility measures. Nevertheless the results of these studies have to be interpreted with extreme caution in order to avoid discrimination.
The third section deals with the economic impact of accessible tourism using the example of Europe. The inducible impact of accessible tourism on the transport sector as well as the relevance of passenger transportation for accessible tourism on the transport sector as well as the relevance of passenger transportation for accessible tourism is elaborated. All in all accessible tourism produces a huge economic impact on the tourism sector and beyond, and by improving accessibility in the future a significant raise on of economic benefits is possible. In general traffic is precondition for tourism. Besides tourists spend a significant part of their travel expenses for the journey to the destination and back and for local transportation. This makes it clear that accessible transport systems will directly benefit from an increasing accessible tourism market.