Posted 12/10/2023, 2:02:39 AM
Asia-Pacific Booms in Digital Trade But Risks Widening Inequality Without More Support
- Digital trade holds major promise for economic growth in Asia-Pacific, but support is needed for vulnerable countries to catch up
- Asia-Pacific accounts for 25% of $4 trillion in global trade of digitally deliverable products
- Kazakhstan, Russia, Turkiye, Pakistan and India have increased digital services trade restrictions since 2014
- Majority of global digital workforce is in Asia - India at 33%, Bangladesh 15%, Pakistan 9%
- Research shows 1% increase in digital trade value associated with 0.8 percentage point rise in real GDP per capita growth