![]() The digital economy is expanding fast in developing economies. ![]() The world's top four companies by market capitalization are all closely linked to the digital economy: Apple, Alphabet (Google), Microsoft and Amazon. “We at UNCTAD are excited by the transformational power of digitalization, but we must recognize that the Internet is not a panacea,” Mr. “Effective national and international policies are needed to make sure the gains are spread evenly across as well as within countries,” said Mukhisa Kituyi, the Secretary-General of the UN Conference on Trade and Development ( UNCTAD), which authored the Information Economy Report 2017: Digitalization, Trade and Development. ![]() ![]() The report acknowledges that information and communications technologies (ICT), electronic commerce and other digital applications are helping a growing number of small businesses and entrepreneurs in developing countries to connect with global markets and open up new ways of generating income. The benefits of digitalization to people's lives are enormous, but 'winner-takes-all' dynamics in the digital economy creates a risk of widening income inequalities, says a report released today by a United Nations entity dealing with trade, investment and development. ![]()
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