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Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more  

Events & Activities

Stephen Olson at Chinese Development Institute Conference

 

 Clyde Prestowitz giving presentation to CDI...

 

Steve Olson teaching trade negotiations at the Mekong Institute...

 

Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on 

"Economics of GMS Agricultural trade in goods and services towards the world market"

Chiangmai, Thailand Sep 8-12.

The "New IP" and the Internet of Things

Cloud Services will Expand US GDP, Jobs and Tech Spending

Enterprise Spending on Cloud Services will Expand US GDP, Jobs and Tech Spending. A New Forecast Predicts the US Economy will gain nearly 3 Trillion Dollars in GDP and 8 Million new Jobs from 2015 to 2025.

Robert B. Cohen, PhD, Senior Fellow, Economic Strategy Institute

This forecast contends that the US economy will obtain dramatic benefits from enterprise spending on cloud services (cloud computing, data analysis and the Internet of Things). It will contribute $1.7 trillion in new spending, add 3 trillion to GDP and create 8 million jobs for the US economy by 2025. This would add about 1.5% per year to GDP and about 0.5% per year to employment growth. This would boost US economic growth to a much faster-paced expansion than some forecasters are predicting.

As a consequence of this spending, there would be a significant shift to a cloud-services driven, New-IP based economy, a software-defined, highly interoperable economy.3 In this economy, software becomes the central focus of economic activity, initially because of dramatic changes in infrastructure.

Complementing this shift are: 1) a rapid rise in the demand for high-speed connectivity; and 2) greater automation of complex jobs, opening opportunities for those with basic knowledge to master positions that once required advanced degrees.

Click here to download the full report as PDF

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