“WORLD EXPERIENCE OF DEVELOPMENT TRENDS OF DIGITAL ECONOMY”

Abstract

The Digital Economy also referred as the New Economy. It refers to an Economy in which digital computing technologies are used in Economic Activities. The term 'Digital Economy' was first mentioned in Japan by a Japanese professor and research economist in the midst of Japan's recession of the 1990s. In the west the term followed and was coined in Don Tapscott's 1995 book, The Digital Economy: Promise and Peril in the Age of Networked Intelligence.^[2] This was among the first books to consider how the Internet would change the way we did business.^[3] In this new economy, digital networking and communication infrastructures provide a global platform over which people and organizations devise strategies, interact, communicate, collaborate and search for information. More recently,^[7] Digital Economy has been defined as the branch of economics studying zero marginal cost intangible goods over the Net.