I’ve just came across this report published recently by the Organization for Economic Co-operation and Development (OECD) about User-Created Content (UCC). The 74-pages report, authored by Sacha Wunsch-Vincent and Graham Vickery, is a highly informative and well-written study providing an up-to-date account on the most significant developments in the area.
It is supplemented by useful statistical data, charts and currents numbers that attempt to quantify and analyze myriad aspects of user generated content in the Web 2.0 era, with strake emphasis on their impact on economic development.
The report cautiously rejects concerns about a second Internet bubble and informs its member states, which count as the world's the most powerful economies, as follows:
Despite the non-commercial context, user-created content is already an important economic phenomenon with direct impact on various industries. UCC has actively and effectively contributed to the availability of broadband content. The spread of UCC and the amount of attention devoted to this area by users seems to be a significant disruptive force for how content is created, consumed and for the industries traditionally supplying content. This disruption creates economic opportunities and challenges which vary according to market participants and their strategies.
But we already know that, right? Yochai Benkler in his recent book speaks of a paradigm shift in the ways wealth is created, as more and more human-generated economic resources are produced at home in front of a PC rather than in factories, while benefiting from the advantages of connectivity, collaboration and synergy in the networked environment. Decisionmakers in the most economically powerful nations must know that too. No one wants to be the last to wake up and smell the coffee. Well, almost no one