AI Article Synopsis
- High-tech developments and digital transformations in Asia are reshaping business landscapes and removing historical barriers in traditional industries.
- The "smiling curve theory" illustrates how new value chains are influencing global manufacturing and high-tech firm economies in the region.
- The emphasis is on leveraging technology, government policies, and digital entrepreneurship to enhance growth, alongside considerations of research in areas like AI, digital trade, and the impact of COVID-19.
Article Abstract
By , we refer to high-tech developments, business and social transformations, and information-driven changes in the region's growth. We discuss its background and foundations, significance in Asia and contribution to removal of historical barriers in traditional business. We assess how new value chains are transforming country-level involvement in worldwide manufacturing and note "smiling curve theory" predictions about the global value chain in Asia for high-tech firms and their economies. The takeaway is that the digital economy in Asian nations involves revamping business processes through technology innovation, government policies for growth, and digital entrepreneurship. We analyze the "digital economy and society index", and attributes of nations, societies and economies, as a basis for framing our ideas. We consider research directions prompted by data analytics and AI, the platform economy, digital trade, fintech innovation, and societal and economic sustainability. We further highlight new issues in light of the COVID-19 pandemic.
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| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC7480531 | PMC |
| http://dx.doi.org/10.1016/j.elerap.2020.101004 | DOI Listing |
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