Summary
OXFORD, England, June 7, 2011 /PRNewswire-iReach/ -- By 2020, the E7 (Brazil, Russia, India, China, Mexico, Indonesia and Turkey) will hold a bigger share of world GDP than the G7, according to a study released by Oxford Economics. The shift of economic power from West to East--accelerated by one of the world's worst recessions--is combining with leaps in technology to propel emerging market growth. The result is a virtuous circle as technology boosts local consumer income and demand, and drives the use of capital and resources.
This is one of several key findings in Oxford Economics' latest report, The New Digital Economy: How it will transform business, sponsored by AT&T, Cisco, Citi, PwC and SAP. To understand what these trends will mean for business, Oxford Economics conducted a study comprising a worldwide survey of 363 companies, in-depth interviews and panel discussions with over 35 executives, and rigorous econometric modeling and forecasting. The paper can be downloaded at:See the full content of this document
Extract
Economics
http://www.oxfordeconomics.com/free/pdfs/ the_new_digital_economy.pdf
A new global marketplace on the horizonThe study identified six seismic shifts that will transform the global playing field over the next five years:The global digital economy comes of age. Latest advances in technology ar...See the full content of this document
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