1887

International Trade Working Paper

The International Trade Working Paper series promptly documents and disseminates reviews, analytical work and think-pieces to facilitate the exchange of ideas and to stimulate debates and discussions on issues that are of interest to developing countries in general and Commonwealth members in particular. The issues considered in the papers may be evolving in nature, leading to further work and refinement at a later stage.

English

Digital Technologies, Trade and Development

Prospects for the Commonwealth

Historically, technology has served as a critical driver of globalisation, underpinning the rapid expansion in world trade and driving human progress, raising living standards and welfare, and precipitating transformative improvements in human health, education, and economic and social development. Digital technologies are enabling economy-wide innovation at an unprecedented rate, unleashing new opportunities globally. Members of the Commonwealth are at the forefront of this wave of innovation. Yet the disruption is wide, the implications for sectors are unclear and the threat to comparative advantages is universal. One clear objective is for greater collaboration among members of the Commonwealth to mitigate risks and maximise opportunities to further amplify the ‘Commonwealth advantage’ in trading relationships.

English

Keywords: economic development, trade, digital technology
JEL: O14: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Industrialization; Manufacturing and Service Industries; Choice of Technology; F63: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Economic Development; L86: Industrial Organization / Industry Studies: Services / Information and Internet Services; Computer Software
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