Abstract

While the digital transformation opens up new opportunities for convergence of the global south in terms of technological leapfrogging, knowledge spillovers and access to new market platforms, it also throws up some daunting competitive and governance challenges. These include: keeping pace with advanced markets as they embrace new innovation-accelerating technology; dealing with the economic and political governance challenges of the data-driven economy that are only now starting to be addressed in the advanced countries; managing trade relations with the advanced countries; and coping with the looming changes in the division of labour globally between human and machine, and between the north and the south. This note explores these issues and draws provisional conclusions about the prospects for sustainable development in the global south in the brave new world of the digital data-driven economy.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.