E-commerce to lift Oz economy

E-commerce will boost Australia's gross domestic product by almost three per cent by 2007, adding an extra year's income onto the nation's balance sheet, a government study has found.

The report also warned that some sectors such as the retail sector, would suffer a negative impact as more consumers buy online.

The report, E-Commerce: Beyond 2000, details the economic impacts of e-commerce in Australia, and was released by Senator Ian Campbell, the parliamentary secretary to the Minister for Communications, at Online Australia's E-Agenda conference in Sydney.

"The report describes impacts on productivity and competitiveness, as well as the restructuring of entire industry sectors, confirming the wide-ranging impacts of e-commerce," Campbell said.

According to the report, Australia's GDP will increase by 2.7 per cent, real wages by 3.5 per cent, and aggregate employment by a half of one per cent over the next 10 years.

The report provides both positive and negative impacts for specific industry sectors such as tourism, IT and communications, health, education, banking and finance, manufacturing, transport and retail and wholesale trade.

It claims the most successful industries in the e-commerce arena will be those who make the greatest use of the Internet as a tool for doing business electronically -- expected to include the media, entertainment and finance industries.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

David Smedley

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?