p class="MsoNormal"This article explores sustainability issues in the context of the growing digital trade globally. Increasing digital trade is leading to digital transformation of economies across the globe. Governments are emphasizing on the development and adoption of digital tools and technologies. Digital technologies are considered engines of growth that help in increasing productivity, reducing transaction costs, and achieving economies of scale through access to a larger population. However, increasing digital trade is also leading to enhanced concerns for environmental sustainability due to higher amounts of carbon emissions and enhanced demands for electricity in the use of new-age technologies, such as the blockchain. In addition to ‘environmental sustainability’, growing digital trade is also creating challenges for ‘economic sustainability’ and ‘social sustainability’, the other two dimensions of sustainability. Several countries are signing digital economy partnership agreements (DEPA) that have provisions to promote digital trade and look at the entire economy from the perspective of ‘digital trade’. However, sustainability issues arising out of rising digital trade remain primarily untouched in government policies and these new age trade and digital economy agreements. Without sustainabilityfocused policies, the environmental, economic, and social costs of digital trade could reduce the benefits of the digital revolution. Therefore, while it is important to promote digital trade, the sustainability aspects should not be ignored.o:p/o:p
Read full abstract- All Solutions
Editage
One platform for all researcher needs
Paperpal
AI-powered academic writing assistant
R Discovery
Your #1 AI companion for literature search
Mind the Graph
AI tool for graphics, illustrations, and artwork
Journal finder
AI-powered journal recommender
Unlock unlimited use of all AI tools with the Editage Plus membership.
Explore Editage Plus - Support
Overview
573 Articles
Published in last 50 years
Articles published on Amount Of Carbon Emissions
Authors
Select Authors
Journals
Select Journals
Duration
Select Duration
565 Search results
Sort by Recency