Harnessing the digital economy for developing countries

Abstract

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Spatial Effect of Digital Economy on Particulate Matter 2.5 in the Process of Smart Cities: Evidence from Prefecture-Level Cities in China

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“…Digital disruption has generated rapid development of the digital economy, which unstoppable in terms of value, market, and business in terms of value, market, and business (Britton & McGonegal, 2007). The benefits of digital economy enable to create more inclusive and sustainable prosperity through various channels, such as lowering production cost, increasing existing market efficiency, enhancing market size, creating new markets, improving quality and productivity, developing micro, small, and medium-sized enterprises (MSMEs), and promoting new opportunities to other sectors (Dahlman et al, 2016). This is the reason why the digital economy, a form of the knowledge economy, becomes a new concern of development for various countries to maximize its enormous value for innovation growth, social prosperity, and economic well-being (OECD, 2017).…”

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“…The OECD defines the digital economy as an "amalgamation of several generalpurpose technologies (GPTs) and the range of economic and social activities carried out by people over the Internet and related technologies. It encompasses the physical infrastructure that digital technologies are based on (broadband lines, routers), the devices that are used for access (computers, smartphones), the applications they power (Google, Salesforce) and the functionality they provide (IoT, data analytics, cloud computing)" (Dahlman et al, 2016). It is operated primarily by online connections among people, businesses, devices, data, and processes.…”