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The Current and Future State of the Sharing Economy
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The Current and Future State of the Sharing Economy

Niam Yaraghi and Shamika Ravi
Brookings Institution, 2016
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Like Airbnb and Uber, more and more companies and individuals are fueling the rapid growth of the sharing economy. And some of these firms are becoming powerhouses, with multibillion-dollar valuations. Yet, as this revealing article from researchers Niam Yaraghi and Shamika Ravi illustrates, regulations have yet to catch up with a sector that could potentially become a significant part of the world’s economy by 2025. getAbstract recommends this comprehensive text to anyone interested in the future of the sharing economy and the companies behind it.

Take-Aways

  • The sharing economy consists of online platforms that facilitate peer-to-peer exchanges of goods and services.
  • Some segments of the sharing economy are music and video streaming, room and ride sharing, short-term staffing, and business start-up lending.
  • Research predicts that these businesses will collectively increase their global revenues from $14 billion in 2014 to $335 billion by 2025.

About the Authors

Niam Yaraghi is a fellow at the Brookings Institution, where Shamika Ravi is a senior fellow.

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