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Digital services facing the new global challenges and supporting the globalization

Author

Listed:
  • Georgeta Ilie, PhD, Senior researcher III

    (Institute for World Economy, Romanian Academy)

Abstract

This paper tries to bring together some elements highlighting that the future of globalization will be supported by digital technologies and service business models. Recent global challenges generated by the pandemic crisis and geopolitical tensions have brought up discussions about new obstacles in the way of globalization. However, despite the pandemic restrictions, trade in many professional and cultural services was supported by digital technologies that were successfully implemented in other traditional service sectors. Our analysis aims to gather some opinions and arguments, including those presented at the level of international organizations, related to the chance to continue the globalization process based on new advanced technologies applied mainly in service business in a world marked by new challenges. Digital platforms and the Internet have opened a new door to trading system, which, despite the new economic and geopolitical tensions, will represent the source of the growth trends in the coming years. These developments have to be accompanied by the regulatory framework created within international and regional organizations, to ensure a set of appropriate trading rules in the new era of digitalisation.

Suggested Citation

  • Georgeta Ilie, PhD, Senior researcher III, 2023. "Digital services facing the new global challenges and supporting the globalization," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 12(1), pages 1-9, Februarie.
  • Handle: RePEc:sdb:social:v:12:y:2023:i:1:p:1-9
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    More about this item

    Keywords

    globalization; trade in services; digitalisation; perspectives; challenges;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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