The Internet Economy in the Post-crisis Era and Recovery

Growth of the Internet economy is driven by innovation in the ICT sector. ICT firms continue to play a dominant role in the top group of R&ampD-performing firms, a role that has not diminished despite revenue and employment declines during the recession. If anything, ICT R&ampD is more tightly linked with changes in revenue, an indication that ICT firms are well positioned for renewed technology-driven growth as sector performance improves. The most dynamic growth comes from Internet firms and increasingly Asian firms, and semiconductor R&ampD underpins development of new applications.