Digital economy policy pdf

Department of commerce formed the inaugural digital economy board of advisors deba made up. In the digital arena, such cooperation could include regulating the treatment of personal data, which is hard to oversee. Policy and economic analysis congressional research service 1 he term digital economy has fluid meaning in different policy contexts. Unctad is committed to accompanying its member states with evidence for informed decisionmaking, as they consider different policy options and practices aimed at benefiting from the digital economy. Given the centrality of policy in addressing these digital economy challenges, there is an urgent need for developing country policy makers to take action. Given the global reach of digital technology, and the risk of a race to the bottom, there is a need for policy cooperation similar to that of global financial markets and sea and air traffic. Enabling growth and innovation in the digital economy is a chronicle of the commerce.

Indias draft ecommerce policy is really a digital economy. Digital economy to seize new opportunities afforded in the digital economy, each of us must take action. Census bureau issued a report citing the same rationale used by advocates of digital economy measurement today. Level of development of digital economy policy and governance varies widely within countries of the global south. Digitalization encompasses a wide range of new applications of information technology in business models and products that are transforming the economy and social interactions. The digital economy driving realtime business the promise of realtime business the rapid expansion of the digital economy is having a significant impact across multiple sectors worldwide. Do tax collectors have the means to audit the growing number of home. Digital economy strategy consultation paper pdf digital economy strategy consultation paper word you can share your views on some, or all, of the topics and questions in the consultation paper its entirely up to you. This reflects the rapid growth of many developing economies to levels close to that of advanced economies. The oecd digital economy papers series covers a broad range of ictrelated issues and makes selected studies available to a wider readership. Embracing the digital revolution policies for building the.

The global economy is undergoing a digital transformation as well, and its happening at breakneck speed. Section 2 summarises the main building blocks of the digital economy. Financial inclusion in the digital economy 3 setting preconditions and mapping the sequence making affordable digital financial services a gamechanging opportunity requires proper sequencing and appropriate scope and timing for gradual introduction. Digitalization is both an enabler and a disruptor of businesses. This technical note frames the new digital economy nde as including, most prominently. Section 4 considers two broad areas of digital policy that have or could have implications for. Recognising the value of mobile to society, many governments have set bold policies to cultivate the digital economy while ensuring the benefits of connectivity reach remote and underserved communities. The digital economy is the single most important driver of innovation, competitiveness and growth.

In framing our discussion below, we have viewed the policy issues arising from the digitalization of the economy through the prism of our tax policy concept. Broadly speaking, this term can refer to any number of everyday economic activities that are connected over computers, mobile phones, or other internetconnected devices. This includes support from government at all levels, an enabling policy and regulatory. It also poses threats that we dont even fully understand yet. Given the centrality of policy in addressing these digital economy challenges, there is an. It highlights how oecd countries and partner economies are taking advantage of information and communication technologies icts and the internet to meet their public policy objectives. White paper digital policy playbook 2017 approaches to. Creating a dynamic ecosystem for the digital economy to improve the infrastructure, regulations, skills and public finance. There is no universally accepted definition of the digital economy, but a most common, albeit somewhat narrow understanding is the share of gdp accounted for by the ict sector. Our digital economy consultation paper presents a number of topics and questions to assist with your input. Digital economy refers to an economy that is based on digital technologies. Cavalcanti secretariat for digital policies ministry of science, technology, innovation and communications brazil high level seminar on the digital economy. For countries, success in a digital world requires an inclusive digital economy and society, where few feel threatened or left behind. The global digital services market will be worth as much as the entire uk economy by 2020.

To take advantage of digital technology, free flow of data backed up by a series of policies to address other public policy objectives must be promoted. Small and medium enterprises smes are critical for expanding digital integration. This short strategy brief provides guidance on the why and what of digital economy policy in developing countries. Thus, access to data has emerged as a main determinant of success of an enterprise in the digital economy. The conceptual framework for monitoring the digital economy and society 20162021 this document looks at the digital economy and society from a policymakers point of view, where data needs are policydriven and contextualised, rather than dictated by information. The digital economy plays an increasing role in malaysias journey towards becoming a highincome nation. This diagnostic argues that accelerating access to digital technologies spurs innovation, efficiency, and productivity, and as a result brings about choice and opportunities for greater growth and inclusion. Enabling growth and innovation in the digital economy. Approaches to national digital governance, is an initial output and serves as a pragmatic tool that can contribute to the creation of a fair, accountable and inclusive fourth industrial revolution.

At the highest level, two opposing trends can be detected in terms of digital taxation policy. The backbone of the digital economy is hyperconnectivity which. Digital economys policy challenges the digital economys new business models present some tough challenges for policy makers, especially as the revenues generated from traditional transactions decline. Global free exchange of information a free and open global internet, with minimal barriers to the flow of data and services across borders, is the lynchpin of the digital economys success. They include policy reports, which are officially declassified by an oecd committee, and occasional working papers, which are meant to share early knowledge.

The digital economy provides ample opportunities for g20 economies to accelerate inclusive economic growth. For the purpose of this report, we are using the definition provided by the oxford digital economy collaboration group. Ai has the potential to make our lives easier, healthier and more fulfilled. It is increasing at a rapid annual rate of around 10%, outstripping most other sectors, and is additionally thought to account for as much as 5% of gdp in the g20 states by 2016.

Valid policy arguments and tradeoffs could be raised on every one of them. One country in which it has been significantly developed is thailand, which has. To realise this success in the face of rapid and unstoppable technology advances, governments will need to act urgently on this broad set of policy areas. This digital economy for africa de4a diagnostic report highlights the challenges and opportunities of the digital economy for nigeria. The coalitions policy for egovernment and the digital. Companies in almost every industry are being forced to rethink all aspects of.

Yet the meaning and metrics of the digital economy are both limited and divergent. The business at oecd committee on digital economic policy cdep covers all aspects of oecd guidance on digital policy, and analysis and development of information communications technology ict. As technology merges with the economy, the rise of the digital economy will create. Defining, conceptualising and measuring the digital. Policy and influence bcs the chartered institute for it. Mobile service now extends to 95% of the global population, and mobile internet access is spreading fast. The policy acknowledges the importance of data as an asset and identifies the means to.

The biennial oecd digital economy outlook examines and documents evolutions and emerging opportunities and challenges in the digital economy. In turn, the iptf has developed approaches to strengthen protections for consumer data privacy, enhance cybersecurity practices, safeguard the global free flow of information, and. Building on the outcomes of the 2016 oecd ministerial on the digital economy held in cancun, business at oecd advocates the necessary evidence based comprehensive policy. Participants agreed that that it may not be possible to get a single definition or scope of the digital economy. D movement was introduced last year to encourage the government, companies, organisations and individuals to work together to thrive in the digital economy. Networks new white paper, digital policy playbook 2017. Pdf the developments of the digital economy will have an elementary impact on economic systems and how eco nomic values will be created. Unctad, division on technology and logistics science, technology and ict branch ict policy section technical note no8 unedited tnunctadict4d08 october 2017 the new digital economy and development1 abstract. To reinforce the point, while there may be broad unanimity that a digital book, for example, is a digital product, what is not clear is whether its whole value which includes the authors contribution should be included in a measure of the digital economy or only that part of the value that reflects the digital.