EFRL Vol. 2 (2020) Issue 1 (June) 10.69610/j.efrl.20200413
Open Access
Journal Article
Digital Economy and Economic Transformation
by
Olivia Smith
1,*
*
Author to whom correspondence should be addressed.
Received: 13 February 2020 / Accepted: 25 March 2020 / Published Online: 13 April 2020
Abstract
The advent of the digital economy has revolutionized the traditional economic landscape, leading to significant transformations across various sectors. This paper explores the impact of the digital economy on economic development and transformation. It delves into the evolution of digital technologies, their integration into business models, and the resultant shifts in industry structures. The analysis highlights the role of digital platforms, big data analytics, and automation in fostering innovation, enhancing productivity, and creating new economic opportunities. The paper further discusses the challenges and risks associated with the digital economy, including issues of inequality, privacy, and cybersecurity. It concludes with recommendations for policymakers and businesses to harness the potential of the digital economy while mitigating its adverse effects.
Copyright: © 2020 by Smith. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (
Creative Commons Attribution 4.0 International License ). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
APA Style
Smith, O. (2020). Digital Economy and Economic Transformation. Economics and Finance Research Letters , 2 (1), 8. doi:10.69610/j.efrl.20200413
ACS Style
Smith, O. Digital Economy and Economic Transformation. Economics and Finance Research Letters , 2020 , 2 , 8. doi:10.69610/j.efrl.20200413
AMA Style
Smith O. Digital Economy and Economic Transformation. Economics and Finance Research Letters ; 2020, 2(1):8. doi:10.69610/j.efrl.20200413
Chicago/Turabian Style
Smith, Olivia 2020. "Digital Economy and Economic Transformation" Economics and Finance Research Letters 2, no.1:8. doi:10.69610/j.efrl.20200413
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ACS Style
Smith, O. Digital Economy and Economic Transformation. Economics and Finance Research Letters , 2020 , 2 , 8. doi:10.69610/j.efrl.20200413
AMA Style
Smith O. Digital Economy and Economic Transformation. Economics and Finance Research Letters ; 2020, 2(1):8. doi:10.69610/j.efrl.20200413
Chicago/Turabian Style
Smith, Olivia 2020. "Digital Economy and Economic Transformation" Economics and Finance Research Letters 2, no.1:8. doi:10.69610/j.efrl.20200413
APA style
Smith, O. (2020). Digital Economy and Economic Transformation. Economics and Finance Research Letters , 2 (1), 8. doi:10.69610/j.efrl.20200413
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