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Digital Economy

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Big Data for Growth and Well-being

Seizing the benefits from data-driven innovation (DDI) requires governments to encourage investments in data, promote data sharing and reuse, and reduce barriers to cross border data flows that could disrupt global value chains. At the same time, governments will need to strike the right balance between the social benefits of “openness”, and individuals’ and organisations’ legitimate concerns, including the protection of privacy and intellectual property rights.

This report argues that data and data analytics have become an essential driver of innovation akin to scientific research and development (R&D). It also argues that governments must redefine infrastructure in the 21st Century to include not only broadband networks and cloud computing, but also data itself. 


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CEOs and governments should treat digital security as an economic risk

A global, interconnected, open and dynamic digital environment brings considerable business and economic opportunities - and holds even more promise as the Internet of Things and Big Data become pervasive. But countries and businesses are increasingly exposed to digital security threats that are growing in both number and sophistication. 

The OECD Recommendation on Digital Security Risk Management calls on leaders and CEOs in the public and private sectors to take specific responsibility for digital security and integrate it into their  overall risk management process, rather than treating it as a technology matter. It recommends that countries adopt national plans to identify measures to prevent, detect, respond to and recover from digital security incidents.

Industry

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OECD and World Bank Present Policy Options to the G20 to Boost the Integration of SMEs and Low-income Countries in Global Value Chains

The G20 called on the OECD and World Bank to analyse the ways in which SMEs and low-income countries can better integrate into GVCs. The resulting report, presented on 6 October to G20 Trade Ministers, highlights the importance of ensuring access to ICT networks – in particular broadband – as well as stimulating innovation, in particular by enhancing the ability of SMEs to manage and protect their intellectual assets, to better GVC integration. At the same, the report underscores the importance of helping small firms scale up quickly and so better integrate in GVCs by lowering barriers to the entry, growth and exit of firms. Countries should also avoid favouring incumbents over new firms. 


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Why is Productivity Soaring at Top Firms and Sluggish Everywhere Else?

Is productivity slowing down or on the cusp of a new tech-led growth wave? Has the IT revolution run its course or will it continue to fuel disruptive business models and enable a new wave of productivity growth? This Harvard Business Review blog on recent OECD research shows that the productivity gap between leading firms and the rest of the pack is getting ever wider – both in manufacturing and in services. Seen from this perspective, the productivity problem isn’t a lack of global innovation. It’s a failure by many firms to adopt new technologies and best practices.


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Shipbuilding and the Offshore Industry

Cutbacks in investment in oil exploration, due to low prices, will likely mean a drop in offshore vessel deliveries, which had become a key market segment for the shipbuilding industry. In the medium to long term, growth in demand for all offshore vessel types should remain firm, thanks to the development of deep offshore oil fields. Offshore renewables, and notably offshore wind installations and floating plants, also hold promise. This report discusses overall risks to shipyards from the offshore sector, including complex construction processes, strict regulations, high levels of investment and the absence of a level playing field in the market. 

Innovation

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Enquiries into Intellectual Property’s Economic Impact

Investment and growth in OECD economies is increasingly driven by investment in intangible assets, also known as knowledge-based capital (KBC). In many OECD countries, firms now invest as much or more in KBC as they do in physical capital such as machinery, equipment and buildings.

The rise of KBC creates new challenges for policymakers, business and the statisticians that measure economic activity. New thinking is needed to update a range of policy frameworks – from tax and competition policies to corporate reporting and intellectual property rights. As part of phase two of the KBC project, this report takes a closer look at IP’s role in OECD economies while examining some of the most significant changes to the landscape in which it is operating.


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European Commission/OECD: Toward a new collaborative approach on measuring innovation policies

As part of joint efforts to develop a coordinated approach to collecting information in support of innovation policy analysis, the OECD and the European Commission have joined forces. The former OECD Science, Technology and Industry Outlook Policy questionnaire has become the new European Commission/OECD international survey on Science, Technology and Innovation Policies (STIP). The survey and database, unique in their nature, coverage and scope, will broaden coverage to 53 countries, including emerging economies (e.g. Brazil, the People’s Republic of China, India, Indonesia, the Russian Federation, and South Africa), and non-OECD EU Member States. Taken together, countries in the STIP survey and database account for an estimated 97% of global R&D.

In its forthcoming 2016 edition, the OECD flagship publication STI Outlook will take a forward-looking approach, identifying future challenges and implications for STI policy makers. The new edition will also include digital country and policy profiles exclusively accessible from the OECD/World Bank Innovation Policy Platform (IPP).


Topics

Digital economy
Broadband and telecom
Innovation in science, technology and industry
Industry, entrepreneurship and productivity
Science and technology policy
Biotechnology policies
Consumer policy

Statistics

OECD-WTO Trade in Value Added (TiVA)
Broadband Portal
Main Science and Technology Indicators
Research and Development Database
Input-Output Database
Structural Analysis Database
Bilateral Trade Database
Patent Database