Value creation and capture in the digital economy: a global perspective

This chapter looks at systemic dynamics of digitalization at the global level, and the ways they affect value creation and capture. It begins by highlighting the growing reach of a few global digital platforms and how this is linked to the ability to transform data into value. It then explores the reasons for the high degree of market concentration among these global digital players in the data-driven economy. Section C discusses issues related to the international dimension of data and data flows. Section D explores some implications of the data-driven economy in connection with global value chains. This is followed by a discussion of other issues related to value creation and capture, such as taxation of global digital platforms and the implications for employment and platform work. The final section draws the main conclusions from the analysis.

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