Increased Economic Impact in the Digital Economy
Keywords:
Foreign Direct Investment, FDI, Digital FDI, MSMEs, Sustainable FDI, Sustainable Development.Abstract
The digital economy is now here to stay. The new technologies and modes of business it has created add immensely to speed, convenience, productivity, and transparency, boosting trade and GDP. This digital economy is fundamentally transforming the global economy and unleashing a Fourth Industrial Revolution that will disrupt the existing economic order. This disruption will both drive – and be driven – by shifts in global patterns of FDI as MNEs all over the world take to digital technology and modes of organization to compete. The digital economy is also driving sustainable development through more resource-efficient products, technological inclusivity, and new green technologies, speeding up global progress in meeting the goals of the 2030 Agenda for Sustainable Development.
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