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


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)

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2

BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
München, 80639

Asia Pacific Foundation of Canada ( email )


HOME PAGE: http://ciuriakconsulting.com/

Register to save articles to
your library


Paper statistics

Abstract Views
PlumX Metrics