Sector News

Which economies showed the most digital progress in 2020?

December 20, 2020
Borderless Future

Now more than ever, digital capabilities are essential to ensure a country’s growth and economic resilience. But how do different economies compare as far as the current state and ongoing momentum of their digital development? And how have these factors impacted their experiences during the pandemic?

The authors share key insights from the latest edition of their Digital Evolution Scorecard (a comprehensive analysis of 90 economies based on 160 key indicators of digital development), in which they segment the world’s economies into four distinct zones: Stand Out, Stall Out, Break Out, and Watch Out.

They describe key priorities for policymakers in each of these four groups, discuss how this analysis has — or hasn’t — correlated with countries’ economic performance over the last year, and provide several high-level insights around how the most successful countries are pursuing digital evolution.

While every country is unique and there are no one-size-fits-all solutions, this analysis provides a useful framework for policymakers to better understand their own level of digital development, and explore opportunities for further growth. READ MORE

by Bhaskar Chakravorti, Ajay Bhalla, and Ravi Shankar Chaturvedi

Source: hbr.org

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