Mario Draghi's assessment of EU competitiveness highlighted Europe's failure to capitalize on the internet revolution. While Silicon Valley's tech sector drove US productivity growth, Europe's mixed economy could foster a new internet success story. The author argues that the internet, with its abundance of 'public goods of opportunity' - freely available services funded by advertising or donations - presents an opportunity for European governments to establish digital public-private partnerships. This could involve governments 'bulk purchasing' standard online services like accounting or payroll, making them accessible to citizens and businesses for free.
The writer is chief executive of Lateral Economics, a consultancy, and visiting professor at King’s College London Mario Draghi’s assessment of EU competitiveness last year highlighted Europe ’s failure to capitalise on the internet revolution. Over the past two decades, Silicon Valley’s runaway tech sector has accounted for most of the difference between US and Europe an productivity growth.
In contrast to the dysfunctions of the US private health insurance market, Europe’s strong public involvement in health makes it well placed to develop such a public-private model in digital health partnerships. The financially imperilled US genetic-testing company 23andMe hosts data about your genome to help you understand your health susceptibilities and ancestry. If its tests were free it would go broke, so they’re provided for a fee — as a private, not a public good.
INTERNET ECONOMY EUROPE PUBLIC GOODS DIGITAL SERVICES
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