Information and Communications Technology

Economics, Finance sector development, Industry and trade, Information and Communications Technology

Harnessing digitalization on the path to sustainable economic development in Asia

/
Digitalization is helping to transform economies by enhancing economy-wide competitiveness and productivity, with trade being an important channel. The use of big data and the emergence of online platforms have further bolstered the progression of the digital economy, particularly in Asia.
Astana, Kazakhstan
Economics, Environment, Information and Communications Technology, Infrastructure, Social development and protection, Urban Development

Levelling up innovation in Asia

/
Innovation is playing a vital role in the economic, social, and environmental progress of Asia and the Pacific and has been an important factor in the region's rapid and successful transformation. However, many countries in the region lag behind, innovating at a fraction of the pace as countries in similar or even lower income groups.
Taxation and digitalization in the COVID-19 era
Governance and public sector management, Information and Communications Technology

Taxation and digitalization in the COVID-19 era

/
The coronavirus disease (COVID-19) pandemic has created challenges for tax administrations and is constraining tax revenue in many countries. Its impacts have caused the global economy to slow down, leading to reduced tax collection. However, the pandemic has also changed social habits and encouraged people to use digital technologies.
Fintech development transforming the financial landscape in the People’s Republic of China
Economics, Finance sector development, Information and Communications Technology

Fintech development transforming the financial landscape in the People’s Republic of China

/
Financial technology (fintech) is rapidly changing the financial landscape in the People’s Republic of China (PRC), with important implications for financial inclusion and macroeconomic stability (Huang 2020). Fintech in the PRC started at the end of 2004 when the mobile payment service Alipay first came online. However, fintech did not grow dramatically until 2013, when the online money market fund Yu’ebao started to receive investments from Alipay users.
Digital transformation poses potential risks for stability and the financial industry
Economics, Finance sector development, Information and Communications Technology

Digital transformation poses potential risks for stability and the financial industry

/
Digital transformation is changing how and by whom financial services are provided, bringing benefits to consumers in the form of expanded and simplified access to financial services. However, this transformation is also affecting the financial services industry in ways that could lead to greater risks to systemic financial stability.
The value creation potential of platforms
Governance and public sector management, Industry and trade, Information and Communications Technology, Private sector development

The value creation potential of platforms

/
The rapid success of modern platforms is a testament to their ability to scale efficiently to the needs of many while providing an undeniable and significant advantage over the older methods that had so far dominated value exchanges. Powered by the public Internet and robust local connectivity, digital platforms rose to the challenge of developing newer, more efficient alternatives in their respective focus areas.
Scroll to Top