Thursday, May 28, 2015

The Internet is a Driver of Global Digital Trade

Thomas O'Toole, for Bloomberg BNA, writes a thoughtful and important article, "Breaking Down Legal Barriers to Global Digital Trade."

First, a little background on O'Toole:
Thomas O'Toole joined BNA in 1988 and has been managing editor of Bloomberg BNA's Electronic Commerce & Law Report since its founding in 1996. He has a BA in Economics and English Literature from the University of Michigan and a JD from Wayne State University Law School. 
According to O'Toole's article, which references the U.S. International Trade Commission's 2014 report, U.S. businesses sold $935.2 billion in goods and services online in 2012, of which $222.9 was attributable to exports.

He goes on to say that "Digitally intensive companies become global players more quickly than traditional multinational companies, and they are significantly reliant on overseas markets for revenue and growth."

But that's not all.  According to eBay's Public Policy Lab, online platforms allow small businesses to serve overseas markets on a scale that is unmatched by traditional exporters

There's one thing for sure, the Internet is a driver of global digital trade.

Learn more here.

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