SAN FRANCISCO — Online business is playing an increasingly powerful role in national economies and is projected to account for $4.2 trillion of the Group of 20 nations’ total gross domestic product by the year 2016.
The “Internet economy” will grow at a rate of eight percent annually in developed countries and more than twice that in developing markets, according to a study released on Monday by The Boston Consulting Group (BCG).
India and Argentina will see the fastest growth, with rates expected to be 23 percent and 24 percent respectively, BCG said in a report.
“The Internet economy offers one of the world’s few unfettered growth stories,” said BCG senior partner and report co-author David Dean.
In an array of countries including France, Germany and China small and medium-sized companies (SMEs) that actively engaged consumers online saw sales rates climb much more than did firms with scant Internet presences.
“Around the world, SMEs that embrace the Internet are growing faster and adding more jobs than those that don’t,” said BCG partner Paul Zwillenberg.
“By encouraging businesses to turn to the Internet, countries can improve their competitiveness and growth prospects.”
‘I don’t care’: Watch Kamala Harris shut down Chris Hayes for asking a dumb question about Trump
Sen. Kamala Harris shut down MSNBC anchor Chris Hayes during a post-debate interview on Tuesday evening.
Hayes questioned Harris about her call for Twitter to follow their terms of service and kick President Donald Trump off of the platform.
"Do you think he puts people’s lives in danger when he targets them in tweets?" Hayes asked.
"Absolutely," Harris replied.
"Do you think he knows that?" Hayes asked.
"Does it matter?" Harris replied.
"The fact is he did it. The fact is that he is irresponsible, he is erratic," she explained. "He is like a 2-year-old with a machine gun."
Democrats blast Trump and demand his impeachment at CNN debate
Democratic White House hopefuls united in searing condemnation of Donald Trump during their fourth debate Tuesday, saying the president has broken the law, abused his power, and deserves to be impeached.
From the opening moments, most of the dozen candidates on stage launched fierce broadsides against Trump over the Ukrainian scandal at the heart of the impeachment inquiry.
"The impeachment must go forward," said Senator Elizabeth Warren, who is neck and neck with former vice president Joe Biden at the head of the 2020 nominations race.
"Impeachment is the way that we establish that this man will not be permitted to break the law over and over without consequences," she thundered.
Here are 3 winners and 4 losers from the CNN/NYT Democratic presidential primary debate
Twelve Democrats took to the stage Tuesday night for yet another debate in the party's 2020 president primary hosted by CNN and the New York Times.
After only ten candidates qualified for the previous debate, an additional two — Hawaii Rep. Tulsi Gabbard and wealthy donor and former hedge fund manager Tom Steyer — made it to the stage this round for an even more crowded event.
The candidates discussed a range of important policy issues, but since the format was a debate, and they're all competing for the same nomination, it is ultimately most critical who won and who lost the night. Here are three winners and four losers — necessarily a subjective assessment, of course — from the debate: