AERI Briefs

By H.E Dr. Kong Marry, Undersecretary of State, Ministry of Economy and Finance What is Digital Economy? In a broad sense, the digital economy refers to economic, social, and cultural communication systems that rely on the use of ICT and digital systems. In a narrow sense, the digital economy is a market that relies on digital technology to facilitate the exchange of goods and services through E-commerce, or in other words, the use of digital technologies based on the Internet in the production process and the exchange of goods and services. There are three components of digital economy – E-business, E-business infrastructure, and E-commerce. The transformational impact of digitalization becomes most evident when considering the growing importance of a few large technology companies...