The Digital Economy in Southeast Asia : Strengthening the Foundations for Future Growth
The signs of digital technology adoption are evident across Southeast Asia. In big cities, the use of mobile phones for messaging and social media has become ubiquitous. Ride-sharing services and delivery riders using apps to obtain their next book...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/328941558708267736/The-Digital-Economy-in-Southeast-Asia-Strengthening-the-Foundations-for-Future-Growth http://hdl.handle.net/10986/31803 |
| Summary: | The signs of digital technology adoption
are evident across Southeast Asia. In big cities, the use of
mobile phones for messaging and social media has become
ubiquitous. Ride-sharing services and delivery riders using
apps to obtain their next booking are changing the face of
urban transport and other services. As consumers go online
to purchase products, they are recasting the future of
brick-and-mortar retail businesses. The impacts of the
digital revolution are not limited to a few prominent social
networking sites, online businesses, or mobile apps. Digital
platforms – a combination of technical innovation, new
business models, and value proposition – in the private and
in some cases the public sector, offer a range of products
and services via digital channels. The use of digital
technology is transforming – indeed, disrupting – all
sectors, notably services such as logistics and finance, but
also industrial production and agriculture. These are all
visible manifestations of a growing digital economy.
Southeast Asia is primed to embrace this digital revolution.
There is a high level of interest from governments,
businesses, and individuals in the region to support the
growth of the digital economy and maximize its benefits.
There is significant excitement about the rise of e-commerce
platforms and app-based companies – including the
region's own "unicorn" technology companies.
Southeast Asia leads the world in some indicators on the use
of the Internet, for example in social media and messaging. |
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