With rapid changes in technology, economy, and society, one significant opportunity for emerging countries to grow is the digital economy. It is a new growth engine that will increase the nation’s productivity and income in order to help escape the middle-income trap and take advantage of this emerging trend.
This digital economy will also be key to creating sustainable growth and reducing economic and social inequality. The gap between developed and developing countries is likely to get bigger and more difficult to reduce if developing countries do not try to catch this trend as the world shifts to a digital economy.
