This paper was prepared as a background note for a discussion held at the OECD in October 2015 on disruptive innovation in the financial sector. It examines selected innovations, with a particular view to enhancing competition authority and policymaker awareness of new and developing competitive...

While the development of new knowledge is becoming increasingly important in the emerging knowledge-based economy, the impact of technology on growth, jobs and welfare is determined largely by the way in which technology is diffused, absorbed and used throughout the economy. For technological...