The State of the Digital Economy in the Commonwealth

image of The State of the Digital Economy in the Commonwealth
The Fourth Industrial Revolution presents significant opportunities and challenges for the Commonwealth. It has the potential to provide a significant source of new growth for all Commonwealth economies. However, because Commonwealth countries are at different stages in their economic, social and technological development, it will require innovative approaches to both policy and policy-making to narrow the digital divide, overcome the challenges and take advantage of this new age.

This first volume in the Commonwealth Connectivity Series explores some of the issues facing policy-makers in the Commonwealth. It provides policy recommendations that Commonwealth members can use to address the challenges and realise the benefits of the digital age.



Digital Transformation: Opportunities and Challenges

This chapter focuses on the rising prominence of data and its role as a building block for new and increasingly digitalised value chains. It explores the digitalisation and ‘datafication’ of global trade and the associated new opportunities and challenges for Commonwealth countries. It considers new development models for the Commonwealth in the digital age, as well as risks to Commonwealth countries in the context of a digital divide. It also discusses regulatory frameworks for digital transformation. It finds that cross-country co-operation can help to build digital economies within the Commonwealth.


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