Trying To Get Rid Of A Fractured Digital Global Economy

Thanks to the sudden outbreak of the Covid-19 pandemic that has been a global threat across the world for half of a year now, has given birth to a digitally accelerated economy as the new normal for society. With the wave of social distancing and rapid transformation in several sectors ranging from healthcare to education and service delivery, the digitized economy has started outstretched its approach, supporting product development, improvement and profitability worldwide. In this regard, the US administered a semi-annual online meeting of the IMF in the initial week of April 2021, offered financial assistance for budgetary control to avoid world economy risks. Sources of advancements and technology developments are increasingly scattered with the growing world whereas China is emerging as the most essential source of new technology. But a worldwide administration deficit and geopolitics are supporting a digitally divided global economy.

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