The dynamics of the digital economy in the US, Europe and Japan
are rather different. Some EU countries come close to the USA as
the leading OECD country in the new economy, but Japan faces
particular problems in catching-up digitally. Information and
communication technology will affect productivity growth,
production, the financial system and trade. Setting adequate rules
for the digital economy - at the national and international level -
is a key challenge for industrialized countries. Moreover, cultural
and organizational challenges will also have to be met.
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