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Tag Archives: digitalization

Bridging the Digital Divide to Scale Up the COVID-19 Recovery

By Patrick Njoroge and Ceyla Pazarbasioglu عربي, 中文, Español, Français, 日本語, Português, Русский  Digitalization has in the past few years enabled developing countries in particular to leapfrog on financial inclusion. Countries like Kenya, Ghana, Rwanda and Tanzania have made great advances in connecting their citizens to financial systems by leveraging on mobile phone technology. Digitalization must be driven by the needs of the people and work for them. As the world has grappled with the...

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Digital Solutions for Small Businesses in the Middle East and North Africa

By Inutu Lukonga عربي, Français Small and medium-sized enterprises dominate the business landscape in the Middle East and North Africa region. These enterprises account for more than 90 percent of the region’s businesses and, in some countries, contribute as much as 50 percent of employment and 70 percent of GDP. Yet they face impediments to growth, and their contribution to employment is below potential. In much of the region, small and medium-sized enterprises are handicapped by limited...

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Toward a More Resilient Europe

By Poul M. Thomsen 中文, Français, Português, Русский  Europe, like the rest of the world, faces an extended crisis. An element of social distancing—mandatory or voluntary—will be with us for as long as this pandemic persists. This, coupled with continued supply chain disruptions and other problems, is prolonging an already difficult situation. Based on updated IMF projections released last month, we now expect real GDP in the European Union to contract by 9.3 percent in 2020 and then grow by...

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Chart of the WeekChina’s Digital Dividend

By Longmei Zhang and Sally Chen Digitalization has created millions of new jobs in China, accounting for between one-third and one-half of employment growth in the world’s second-largest economy. Our Chart of the Week shows employment in two sectors: information and communications technology (ICT) and retailing. ICT added 14 million new jobs for high-skilled workers in the five years through 2016, and the average wage doubled. But ICT is just one part of a much larger picture. E-commerce...

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Women, Technology, and the Future of Work

By Era Dabla-Norris and Kalpana Kochhar November 16, 2018 Women are currently underrepresented in fields experiencing job growth, such as engineering and information and communication technology (photo: Vgajic/iStock by Getty Images) The way we work is changing at an unprecedented rate. Digitalization, artificial intelligence, and machine learning are eliminating many jobs involving low and middle-skill routine tasks through automation. Our new research finds the trend toward greater...

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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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Chart of the Week: Invest in Robots and People in Asia

By IMFBlog August 29, 2018 An engineer adjusts a robot arm in a robotics plant in Shenyang, China, where industrial robots are widely used for manufacturing (photo: Yang Qing Xinhua News Agency/Newscom) With about 1 million robots in use in Asia, robotics and automation mean economic risks and growth opportunities for the region. For Asia to fully reap this digital opportunity as the world’s main engine of growth, countries need to revamp their education systems and invest in...

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Chart of the Week: The Rise of Corporate Giants

By Federico J. Díez and Daniel Leigh June 6, 2018 Version in  Español The market power of “superstar” companies in advanced economies is growing (photo: iStock by Getty Images) The growing economic wealth and power of big companies—from airlines to pharmaceuticals to high-tech companies—has raised concerns about too much concentration and market power in the hands of too few. In particular, in advanced economies, rising corporate market power has been blamed for low investment despite...

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