Based on a brand new World Commerce Group report, the expansion of cross-border digital commerce flows — like e-commerce, video streaming, video games and apps — elevated four-fold since 2005 and are actually valued at some $3.8 trillion. That accounts for greater than half of all companies commerce worldwide.
“This offers us a little bit of a sign of the place world commerce is heading,” says WTO Chief Economist Ralph Ossa advised Bloomberg in a current interview. “The way forward for commerce is in companies, notably digitally delivered companies.”
Learn extra to understand how the golden age for electronic commerce is already upon us.
Associated to this, learn analysis fellow Kati Suominen’s report, “Trust in trade: Challenges to the global convergence on digital standards,” for the Hinrich Basis.