The Global Internet Economy

By | April 1, 2010

The United States was the first to intensify the dot-com economy in major part, as the Internet was first developed at that place. United States introduced Internet access quickly and was cheap as other nations consumers used to pay by the minute for Internet access. As a result many innovative dot-com startups were introduced in the United States. In 2005, nearly 50 percent of the world’s domain names were located in the United States, 5.5 times higher than the second place country, Germany, with a share of 8 percent. But, in the past decade, the dot-com economy has increased extremely in different parts of the world. In most of the European and Asian nations (especially Japan and Korea) the number of domain names has increased rapidly due to high broadband penetration rates and and also because these nations have invested intensely in digital literacy and infrastructure.

As Internet access from desktops and mobile devices changes from the exception to the norm, developing countries are progressively cashing in on the expense of wireless transactions. Today, developing nations are the countries which are undergoing the most rapid growth in new Internet users. In fact, the top ten developing markets had less than one-third the number of Internet users in top ten emerging markets in 2001, by 2008 emerging markets was increased. For instance, the United States included 9.8 million Internet users in 2007, whereas China included 73 million.