Economics of Digitization
Digitalization has changed industry after industry as well as the way we live our lives. Media, streaming, time allocation, and cloud computing are all related to how data continues to change our economy.
TPI senior fellow and Emory University professor Paul Rubin writes in the Wall Street Journal that, while the Internet has greatly increased the efficiency of markets, it may also have facilitated the formation of bubbles. He suggests that “regulators have a difficult task: It will be very hard for them to eliminate the downside of the Internet and other improvements in financial markets without simultaneously eliminating the benefits.”