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Tag Archives: digital economy

Charting a Path for a Resilient Recovery in Sub Saharan Africa

By Kristalina Georgieva and Abebe Aemro Selassie Perhaps first among the many lessons of 2020 is that the notion of so‑called black swan events is not some remote worry. These purportedly once‑in‑a‑generation events are occurring with increasing frequency. Take climate‑related shocks, especially in sub‑Saharan Africa. More than any other region, it is vulnerable to these events because of its heavy dependence on rain‑fed agriculture and its limited ability to adapt to shocks. Every year, the...

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The Digital Accelerator: Revving Up Government in Asia

By Vitor Gaspar and Chang Yong Rhee September 25, 2018 عربي, 中文, Русский A driver from the Malaysian ride-hailing tech startup, Grab, picks up a passenger in Jakarta, Indonesia: digitalization is transforming Asia’s businesses and governments (photo: Afif C. Kasuma/iStock by Getty Images) Asia’s digital revolution shows no signs of slowing down. From e-commerce giants like China’s Alibaba and Japan’s Rakuten, to ride-hailing, and digital payment tech startups, like Indonesia’s Go-Jek...

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Chart of the Week: The Digital Divide in Asia

By IMFBlog September 25, 2018 Young people on their phones in Phnom Pehn, Cambodia: about 70 percent of the country does not have internet access and can’t participate in the digital economy (Samrang Pring/Reuters/Newscom) The countries of Southeast Asia are young—more than half of its 643 million people are under 30— and together they live in an economy of $2.8 trillion. The ten countries of the Association of Southeast Asian Nations (ASEAN) are moving toward greater economic...

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Welcome to e-Estonia: Where Virtual Residents Outnumber Newborns

By IMFBlog September 14, 2018 Skype headquarters, Tallinn, Estonia: Skype was created in Estonia in 2003 (ebolyukh/iStock by Getty Images) Estonians jokingly refer to themselves as e-Estonians, says Siim Sikkut, Estonia’s Chief Information Officer. But if ever a nickname were spot on, this might be it. Almost anything can be done digitally, Sikkut says. “It has penetrated into nearly all aspects of life we lead: as a citizen, an entrepreneur, a government official,” he explains. In...

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Addressing the Dark Side of the Crypto World

By Christine Lagarde March 13, 2018 Versions in  عربي (Arabic),  中文 (Chinese), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian) The same reason crypto-assets like Bitcoin are so appealing is also what makes them dangerous (iStock by GettyImages). Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets? The technology behind these assets—including...

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A Digital-Savvy Indonesia

By Tidiane Kinda and Ting Yan February 22, 2018 A salesperson shows a customer the latest smartphones in a showroom in Jakarta, Indonesia: the use of mobile internet services continues to grow rapidly in the country (photo: Beawhiharta/Reuters/ /Newscom). With the third largest youth population in the world and 130 million active social media users, Indonesia is poised to become the biggest digital economy country in Southeast Asia. To fully embrace the digital opportunity, Indonesia...

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GDP: Falling Short

By IMFBlog December 22, 2017 Economist Diane Coyle speaking at the IMF Statistical Forum on Measuring the Digital Economy (photo: IMF) Gross domestic product, or GDP, has been used to measure growth since the Second World War when economies were all about mass production and manufacturing. In this podcast, economist Diane Coyle, says GDP is less well suited to measure progress in today’s digital economy. “I think the issue for GDP comes if the pace or scope of innovation is changing...

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Have Data—Will Travel

By iMFdirect Author and innovation guru, Alec Ross says that technology is shaping the industries of the future. “Ninety percent of the world’s data has been produced in the last two years. In fact, if you take the sum of all the information produced by human kind—from paintings on cave walls—to the year 2003, the sum of that data we now produce every two days.”  Ross has led technology policy for U.S. presidential campaigns, and served as Senior Advisor for Innovation to the U.S. Secretary...

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