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The Global Economic Governance (GEG) Africa programme was created to strengthen the influence of pro-poor African coalitions at global economic governance for a through policy research and stakeholder engagement.
Tuesday, 28 August 2018 12:45

Exploring Policy Tools for Promoting Digital Trade

Written by  Shamel Azmeh and Christopher Foster

GEGAfrica Policy Briefing, August 2018

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GEGAfrica Theme 3

The global economy is experiencing major technological shifts, with the rise of digital technology a key driver. These shifts are likely to intensify in coming years with new technologies such as artificial intelligence, cloud computing, and autonomous vehicles. In this context, developing and emerging economies face a serious challenge. The digital economy – broadly defined as the use of digital technologies to facilitate business transactions such as production, exchange, and consumption, and encompassing e-commerce, digitally delivered services, online payments, and digital media, among others – provides an opportunity to leapfrog and achieve economic and technological catch-up through using digital technologies and building capacities in the digital economy. However, technological shifts also threaten to widen the technological divide, with advanced economies reducing further the value added in developing and emerging economies and making ongoing catch-up efforts ineffective.

Author: Shamel Azmeh and Christopher Foster