The Role of Digital Transformation in Enhancing Economic Growth in Developing Nations
Keywords:
Digital Transformation, Economic Growth, Developing Nations, Ecommerce, Mobile BankingAbstract
This paper explores the impact of digital transformation on the economic growth of developing countries. It examines how the adoption of digital technologies such as ecommerce, mobile banking, and digital education can improve productivity, create new markets, and foster inclusive growth. Through a comparative analysis of case studies from various regions, the study highlights the opportunities and challenges faced by developing economies in leveraging digital tools for sustainable development.
References
Agarwal, R., & Brem, A. (2015). "Innovation and technology management in emerging markets: A case study of digital transformation in India." International Journal of Technology Management, 68(3), 221245.
Brynjolfsson, E., & McAfee, A. (2014). "The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies." W. W. Norton & Company.
Chong, M., & Ng, S. (2017). "Digital transformation and economic growth in Asia: A framework for understanding the role of technology in shaping economies." Asian Economic Policy Review, 12(4), 517530.
De Mel, S., McKenzie, D., & Woodruff, C. (2014). "The role of digital platforms in small business growth: Evidence from emerging markets." World Development, 60, 127142.
Fuchs, C. (2017). "Digital capitalism and economic growth in developing countries." Telecommunications Policy, 41(9), 834850.
Gurumurthy, A., & Chami, M. (2016). "Digital inclusion and economic development: Insights from the South Asian context." Information Technologies & International Development, 12(3), 89103.
Kauffman, R. J., & Kumar, A. (2016). "Digital technology adoption in developing economies: The impact of mobile payment systems." Information Systems Research, 27(4), 10251043.
Khan, M. A., & Zain, S. (2018). "Digital transformation and economic development in the ASEAN region: A comprehensive study." Asia Pacific Journal of Innovation and Entrepreneurship, 12(2), 250265.
Liu, X., & Qiao, L. (2018). "Digital transformation and the changing landscape of developing economies." Technological Forecasting and Social Change, 135, 176183.
Mansell, R., & Silverstone, R. (2016). "Digital technology and the global economic transformation." Information Communication and Society, 19(2), 287310.
Srinivasan, V., & Chawla, S. (2017). "Ecommerce and economic growth in the digital age: Lessons from the developing world." Journal of Global Information Technology Management, 20(2), 123137.
Tapscott, D., & Williams, A. D. (2010). "Wikinomics: How mass collaboration changes everything." Penguin Group.
UNCTAD. (2018). "Digital economy report: The role of digital transformation in developing countries." United Nations Conference on Trade and Development.
Vasquez, J., & Arevalo, M. (2019). "Digitalization and economic growth in Latin America: Opportunities and challenges." Latin American Economic Review, 28(2), 91115.
Zengler, T. R. (2017). "Leveraging digital transformation for economic growth: A case study in emerging economies." Global Business Review, 18(4), 499515.
