Gross Domestic Product (GDP) and metrics derived from it, like productivity, have been central to our understanding of economic progress. But GDP is a measure of production output, and therefore misses much of the contribution of the digital economy. Join MIT Professor Erik Brynjolfsson for a talk on his research and findings through various new measures that indicate that digital goods have created enormous gains in well-being which are largely missed by conventional measures of GDP and productivity.
Dr Victor K Fung is Advisory Board Co-Chair of Asia Global Institute. He's also Group Chairman of the Fung Group, a Hong Kong-based multinational group which comprises major operating groups engaging in trading, logistics, distribution and retailing including privately-held Li & Fung Limited and publicly listed Convenience Retail Asia Limited.View Profile