ECONOMIC PANEL #1 CHALLENGES: IMPACT OF NEW TECHNOLOGIES AND DIGITALIZATION ON SOCIETY
14:30 - 16:30
New technologies and the digital economy are able to foster the economic development of both developing and developed countries, by increasing productivity and removing barriers to entry. Nevertheless, without global collaboration and government involvement, the digital economy could aggravate existing social problems and increase the gap between developing and developed regions, and urban and suburban areas. The benefits of new communication technologies and the digital economy are not equally shared (the so-called digital divide) and are mostly enjoyed by those living in tech-friendly urban areas. In the coming years, this divide could be sharpened, and opportunities to move up the income ladder and improve productivity will be strongly connected with the access and the ability to make good use of digital infrastructure. This panel will make steps forward with discussions of the digital economy and new technologies, with a focus on particular sectors of society. The panelists will debate the role and value of the digital economy in providing strong foundations for dialogue, governance, and commerce, as well as its possible impacts on society.