KUALA LUMPUR: The impact of the digital economy on Gross Domestic Product has to be measured in new ways as conventional methods do not really take into account how the Internet has changed conventional thinking surrounding economics.
Tencent chairman of advertising SY Lau, a Malaysian, said recent discussions at the International Monetary Fund Fifth Statistical Forum showed that the potential conclusion with the digitalisation of modern economic activity, the validity of various classical arguments over the shortcoming in capturing the impact of the digital world was now magnified – with even greater implications than ever.
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