Munich Personal RePEc Archive

Towards digital globalization and the covid-19 challenge

Schilirò, Daniele (2020): Towards digital globalization and the covid-19 challenge. Published in: International Journal of Business Management and Economic Research , Vol. 2, No. 11 (May 2020): pp. 1710-1716.

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Abstract

Digital globalization is a new form of globalization. It brings about relevant changes regarding how business is conducted across borders, the flow of economic benefits, and broadening participation. The growth of data and information related to digital globalization determines that global economic, financial, and social connections increase through digital platforms. Covid-19 is causing a shock to the global economy that is proving to be both faster and more severe than the 2008 global financial crisis. If the current crisis is pushing towards deglobalization, at the same time, Covid-19 represents a challenge for digital globalization and the digital transformation of economies. This research contribution examines the process towards digital globalization that is characterizing the world economy, its impact on businesses, consumers, and governments. It also discusses the challenge that the crisis caused by the coronavirus pandemic is posing to the globalization and digital transformation of economies.

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