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New paradigm of ICT productivity - Increasing role of un-captured GDP and growing anger of consumers

机译:ICT生产力的新范式-未被捕获的GDP的作用越来越大,消费者的愤怒越来越大

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摘要

The dramatic advancement of the Internet has led all nations to an information communication technology (ICT) driven development trajectory. This trajectory has resulted in bi-polarization between ICT growing economies and ICT advanced economies. While the former enjoys a virtuous cycle between ICT advancement and productivity increase, the later has fallen into a trap of a vicious cycle between ICT advancement and productivity decrease. This paper identifies that this trap can be attributed to the two-faced nature of ICT in which advancement of ICT contributes to price increases due to functionality development while dramatic advancement of the Internet has resulted in price decreases due to freebies, easy copying and standardization. Based on an empirical analysis of a customer preference shift from economic functionality to supra-functionality beyond economic value, this paper unveils the increasing conflict between captured GDP and un-captured GDP derived from the Internet advancement which promotes a freer culture, the consumption of which provides utility and happiness but cannot be captured through GDP data that measures revenue. It was demonstrated that this conflict has led to an emerging growing anger of consumers which can be transformed into a springboard for new innovation leading to a trigger of innovation-consumption co-emergence.
机译:互联网的飞速发展已经导致所有国家都以信息通信技术(ICT)为驱动力的发展轨迹。这种轨迹导致了ICT增长经济体和ICT发达经济体之间的两极分化。前者在ICT进步与生产率提高之间处于良性循环,而后者则陷入了ICT进步与生产率下降之间的恶性循环。本文指出,这种陷阱可以归因于ICT的两面性,其中ICT的发展归功于功能开发,导致价格上涨,而互联网的迅猛发展则由于免费赠品,易于复制和标准化而导致价格下降。基于对客户偏好从经济功能转变为超越经济价值的超功能的实证分析,本文揭示了捕获的GDP与因互联网发展而产生的未捕获的GDP之间日益增长的冲突,这种冲突促进了文化的自由发展,提供效用和幸福感,但无法通过衡量收入的GDP数据来捕获。事实证明,这种冲突导致了越来越多的消费者愤怒,可以将其转变为新创新的跳板,从而引发创新消费共同出现。

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