The Shaping of the Global Economic Landscape by the Digital Economy: Challenges and Responses

David Balis(Department of Economics, National and Kapodistrian University of Athens, 1 Sofokleous Str., EL-10559 Athens, Greece)
Mark Koutsias(Department of Economics, National and Kapodistrian University of Athens, 1 Sofokleous Str., EL-10559 Athens, Greece)

Abstract

The digital economy has profoundly transformed the global economic landscape, presenting both challenges and opportunities for businesses, governments, and society at large. This paper examines the key drivers of the digital economy, its impact on global trade, investment, and economic growth, and the challenges it poses to traditional economic models and policies. It also discusses the responses required from governments and businesses to harness the potential of the digital economy and address its associated risks. The paper highlights the need for a more inclusive, sustainable, and resilient digital economy that benefits all stakeholders and contributes to global economic stability and prosperity.

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DOI: http://dx.doi.org/10.26549/jesr.v6i2.15945