The Effect of the Quality of Websites on Economic Growth
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To survive in today's fast paced and technology driven economy, almost all businesses have had to adopt online features that outline their competitive advantage to consumers. In academic literature, commercial websites and their mobile ease-of-use have been recognized as having a causal relationship with driving a business model. Major examples in the 21rst century have been seen in the prosperity and downfall in the dotcom collapse. With the rise in global usage of the super-traffic yielding website, many efforts have been made to Understand the main factors affecting website quality and popularity. However, do these studies accurately pinpoint the components that drive a website's success? These studies require taking into consideration a customer's behavior and preferences. Although additional website quality and usage increases the general interest in a company and benefits a company's business, does the added value significantly affect the economy as a whole? The usage of websites and the Internet has had positive effects on the economy, but in what ways? Have there been any negative components? From researching this question, major players in the economy can further understand how these websites are operating in the short run and in the long run. What are the economic impacts of quality commercial websites and the usage of the Internet in the short and long term? An attempt will be made to answer this question by understanding the factors that drive business websites and how they affect economic variables in the United States and China. The author hypothesizes that in developed countries at the forefront of Internet and website use there has been profound effects on GDP, exports, market size, and the UN HDI, but has negative affects on the stability of the market and creating value in industries.