Issues in Global Business is a single-volume reference that offers relevant perspectives and explains impacts of current events such as COVID-19, Brexit, and immigration across industries and regions. Topics covered include the on-demand economy, global manufacturing, Bitcoin, data security, and more. Coupled with a comprehensive overview of the business landscape around the world by Dr. Mamoun Benmamoun, an assistant professor at the Boeing Institute of International Business at Saint Louis University, this book provides students with the essential information they need to assess business practices through an international lens.
Chapter 18: The Sharing Economy: Is it really different from traditional business?
The Sharing Economy: Is it really different from traditional business?
From SAGE Business Researcher, August 3, 2015
What’s called the sharing economy—peer-to-peer transactions conducted via the internet and smartphones—has changed how people arrange car rides, find vacation lodging and more. Revenue is projected to soar in the coming years, although profitability remains untested. But as businesses such as Uber, Lyft and Airbnb flourish, regulation and collection of taxes, primarily by state and local authorities, have become more difficult to enforce. Traditional businesses such as taxis and hotels complain that these newcomers are gaining an unfair advantage by ducking oversight that’s meant to protect consumers. Additionally, debate has grown over ...