As the global economy is transformed by new technologies, developing countries are at risk of losing out. While overcoming the resource constraints that limit developing countries’ investment in the digital economy will not be easy, failing to do so will carry a steeper price.
LONDON – From cloud computing to artificial intelligence, technology is beginning to revolutionize how the world economy functions. But while these shifts are enriching many in the advanced economies, the developing world is at risk of being left behind. To improve the global South’s economic prospects and avoid a deepening of inequality, developing-country policymakers must take seriously the implications of these shifts for their economies and their countries’ position in the global economy.
LONDON – From cloud computing to artificial intelligence, technology is beginning to revolutionize how the world economy functions. But while these shifts are enriching many in the advanced economies, the developing world is at risk of being left behind. To improve the global South’s economic prospects and avoid a deepening of inequality, developing-country policymakers must take seriously the implications of these shifts for their economies and their countries’ position in the global economy.