A New Global Index Identifies What Makes a Digital Economy More Trustworthy and Resistant
Over the last few years, we have seen many industries begin to thrive towards digitalization. However, recent developments, aided by the coronavirus, have prompted major banking firms such as Mastercard and a worldwide study of evolution and trust to investigate the merits of transitioning to a digital economy. This, however, raises some suspicions. What exactly is a “Digital Economy”? Is an economic revolution on the horizon? How will the banking industry evolve as a result of digitalization? What, exactly, is Digital Trust and Evolution? How would a global survey help us better comprehend digitalisation? This article will look at why a Digital Economy needs to become more trustworthy and resistant.
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In collaboration with Mastercard, Fletcher, Tufts University’s Graduate School of Global Affairs announced the Digital Intelligence Index. This tracks nations’ progress in developing their digital economy, promoting trust, and integrating connection into the lives of billions.
Building on previous editions in 2014 and 2017, this year’s index provides a visual representation of global digital economy expansion, which reflects light on major drivers of change and momentum, and transmits what this means for nations dealing with global pandemics and post-pandemic issues.
“The pandemic may be the cleanest test of the world’s progress toward digitalization,” said Bhaskar Chakravorti, Dean of Global Business at Fletcher. “We now have a better understanding of how dynamic digital economies may contribute to economic resiliency at a period of unprecedented global instability, and how they can be positioned for recovery and change”.