Daily TribuneOne benchmark to assess a country’s competitiveness in digital services is their export performance given that competitiveness reflected into high productivity could translate into larger outputs and further into better export performance.
The prospects for developing economies in Asia and the Pacific to take part in digital services trade are promising, requiring them to evaluate their competitiveness and formulate strategies to develop opportunities in the digital economy.
A book titled "Unlocking the Potential of Digital Services Trade in Asia and the Pacific" published by the Asian Development Bank said growth in digital services trade in Asia and the Pacific has outpaced other regions for more than a decade.
"Opportunities are likely to intensify in the post-pandemic period as consumers and producers continue to embrace online purchasing, digital transactions and remote delivery of services," it said.
In a book chapter, authors Jong Woo Kang, Rolando Avendano, Pramila Crivelli, Dominique Hannah Sy and Won Hee Cho said one benchmark to assess a country's competitiveness in digital services is their export performance given that competitiveness reflected into high productivity could translate into larger outputs and further into better export performance.
Kang is a principal economist while Avendano and Crivelli are economists at the Regional Cooperation and Integration Division, Economic Research and Cooperation Department of the ADB.
