Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Advances in Economics, Management and Political Sciences
Series Vol. 76 , 18 April 2024
Open
Access | Article
Challenges and Opportunities of the Digital Economy for Sustainable Development
* Author to whom correspondence should be addressed.
Abstract
With the rapid development of technology, the digital economy has become one of the main drivers of global economic growth. However, it also brings a series of challenges and opportunities for sustainable development. This paper delves into the impact of the digital economy on sustainable development, analyses the challenges involved, and explores the potential opportunities for sustainable development in the digital economy. Firstly, the author sorts out the definition, scope, and development trend of the digital economy. Then, the application of digital economy in various fields is explored in detail, revealing its potential value in social, economic, and environmental aspects. However, the rise of the digital economy has also brought about a series of environmental, social, and economic challenges, such as e-waste, the digital divide, structural change in employment, and inequality. Meanwhile, this paper highlights the opportunities the digital economy presents for sustainable development, promoting environmental sustainability, social inclusion, and economic innovation. Through innovations in digital technologies, environmental issues are better addressed, socially inclusive growth is achieved, and economic innovation is driven. The article emphasises the positive interaction between the digital economy and sustainable urban development through case studies. It concludes with an outlook on the future trends of the digital economy and recommendations for integrating sustainable development concepts to ensure that the digital economy becomes a powerful enabler of sustainable development. Through comprehensive analyses, this paper aims to provide insightful perspectives on the relationship between the digital economy and sustainable development.
Keywords
Digital Economy, Digital Divide, Sustainable Development, Challenges and Opportunities
References
1. Bulturbayevich, M.B. and Jurayevich, M.B. (2020). The impact of the digital economy on economic growth. International Journal of Business, Law, and Education, 1(1), 4-7.
2. Sovbetov, Y. (2018). Impact of digital economy on female employment: Evidence from Turkey. International Economic Journal, 32(2), 256-270.
3. Bexell, M. and Jönsson, K. (2017). Responsibility and the United Nations’ sustainable development goals. In Forum for development studies, 44(1), 13-29. Routledge.
4. Brynjolfsson, E. and Kahin, B. (Eds.). (2002). Understanding the digital economy: data, tools, and research. MIT press.
5. Bukht, R. and Heeks, R. (2017). Defining, conceptualising and measuring the digital economy. Development Informatics working paper, (68).
6. Grimes, S. (2003). The digital economy challenge facing peripheral rural areas. Progress in Human Geography, 27(2), 174-193.
7. Savchenko, A.B. and Borodina, T.L. (2020). Green and digital economy for sustainable development of urban areas. Regional Research of Russia, 10, 583-592.
8. Van Dijk, J.A. (2006). Digital divide research, achievements and shortcomings. Poetics, 34(4-5), 221-235.
9. Kumar Debnath, A., Haque, M.M., Chin, H.C. and Yuen, B. (2011). Sustainable urban transport: Smart technology initiatives in Singapore. Transportation Research Record, 2243(1), 38-45.
10. Ciocoiu, C.N. (2011). Integrating digital economy and green economy: opportunities for sustainable development. Theoretical and Empirical Researches in Urban Management, 6(1), 33-43.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-375-3
- ISBN (Online)
- 978-1-83558-376-0
- Published Date
- 18 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/76/20241869
- Copyright
- 18 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited