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Towards digital globalization and the covid-19 challenge

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  • Schilirò, Daniele

Abstract

Digital globalization is a new form of globalization. It brings about relevant changes regarding how business is conducted across borders, the flow of economic benefits, and broadening participation. The growth of data and information related to digital globalization determines that global economic, financial, and social connections increase through digital platforms. Covid-19 is causing a shock to the global economy that is proving to be both faster and more severe than the 2008 global financial crisis. If the current crisis is pushing towards deglobalization, at the same time, Covid-19 represents a challenge for digital globalization and the digital transformation of economies. This research contribution examines the process towards digital globalization that is characterizing the world economy, its impact on businesses, consumers, and governments. It also discusses the challenge that the crisis caused by the coronavirus pandemic is posing to the globalization and digital transformation of economies.

Suggested Citation

  • Schilirò, Daniele, 2020. "Towards digital globalization and the covid-19 challenge," MPRA Paper 100504, University Library of Munich, Germany, revised May 2020.
    • Handle: RePEc:pra:mprapa:100504
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    File URL: https://mpra.ub.uni-muenchen.de/100504/1/MPRA_paper_100504.pdf
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    Citations

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    Cited by:

    1. Daniele Schilirò, 2021. "Fintech in Dubai: Development and Ecosystem," International Business Research, Canadian Center of Science and Education, vol. 14(11), pages 1-61, November.
    2. Schilirò, Daniele, 2023. "Digital platforms and digital transformation," MPRA Paper 118006, University Library of Munich, Germany.
    3. Schilirò, Daniele, 2022. "Botswana's economy and the question of diversification," MPRA Paper 115608, University Library of Munich, Germany.
    4. Schilirò, Daniele, 2022. "Innovazione, crescita ed economia basata sulla conoscenza [Innovation, growth and knowledge-based economy]," MPRA Paper 113729, University Library of Munich, Germany.
    5. Schilirò, Daniele, 2021. "Digital transformation, COVID-19, and the future of work," MPRA Paper 108817, University Library of Munich, Germany.
    6. Schilirò, Daniele, 2023. "Technological progress and the future of work," MPRA Paper 117927, University Library of Munich, Germany.

    More about this item

    Keywords

    digital globalization; fourth industrial revolution; artificial intelligence; Covid-19; deglobalization; digital innovation policy;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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