On Economic Strategy in the Data-Driven Economy

8 Pages Posted: 5 Oct 2018

See all articles by Dan Ciuriak

Dan Ciuriak

Ciuriak Consulting Inc.; C.D. Howe Institute; Centre for International Governance Innovation (CIGI); BKP Development Research & Consulting GmbH; Asia Pacific Foundation of Canada

Date Written: September 12, 2018

Abstract

The digital transformation is creating a new kind of economy – a data-driven economy (DDE) that builds on, but differs materially from, the knowledge-based economy (KBE) that preceded it and the industrial economy on which the KBE was based. The underlying economics of the DDE gives rise to powerful incentives for strategic trade and investment policy, which are already shaping policy responses of the economies with major interests in the digital economy. This note outlines the issues and considers the implications for the small open economy.

Keywords: Strategic Trade Policy, Investment, FDI, Data-Driven Economy, Knowledge-Based Economy, Small Open Economy, Canada

JEL Classification: L52, O25

Suggested Citation

Ciuriak, Dan, On Economic Strategy in the Data-Driven Economy (September 12, 2018). Available at SSRN: https://ssrn.com/abstract=3243962 or http://dx.doi.org/10.2139/ssrn.3243962

Dan Ciuriak (Contact Author)

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Asia Pacific Foundation of Canada ( email )

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