| Issue |
E3S Web Conf.
Volume 403, 2023
XII International Scientific and Practical Forum “Environmentally Sustainable Cities and Settlements: Problems and Solutions” (ESCP-2023)
|
|
|---|---|---|
| Article Number | 06016 | |
| Number of page(s) | 6 | |
| Section | Ecological Cycle: Renewable Heat and Electricity, Waste Water, Vegetation and Cultivation | |
| DOI | https://doi.org/10.1051/e3sconf/202340306016 | |
| Published online | 25 July 2023 | |
Digital Transformation of the South Asia Region: Challenges and Prospects
1 Plekhanov Russian University of Economics, Moscow, Russian Federation
2 York University, Schulich School of Business, Toronto, Canada
* Corresponding author: s-gusarova@mail.ru
The digital economy is on the agenda all over the world today, it represents a new paradigm for the development of cooperation between countries and can become a driver of their economic growth. The implementation of the key digitalization agenda is one of the main priorities for the development of the economies of South Asia. The purpose of the study was to determine the impact of the digital economy, and the introduction of R&D on the development of the economies of South Asian countries. Exploring the development of the transformation of the digital economy in the countries of South Asia, we came to the conclusion that this process can be significantly facilitated by the introduction of blockchain technology and cryptocurrencies. The use of a mathematical correlation and regression model led to the conclusion that the growth of R&D funding in South Asian countries has a positive effect on the development of their economies.
Key words: Digital transformation / blockchain technology / E-commerce / South Asia countries
© The Authors, published by EDP Sciences, 2023
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