A Review of Digital Economy and Digital Economics
1Faculty of Economics and Rural Development, Vietnam National University of Agriculture, Hanoi 131000, Vietnam
Main Article Content
Under the burgeoning of the digital era and global crisis of climate change and health, most countries around the world are moving to digitalize their economies. Digitalization is fundamentally changing all social and economic sectors. However, the existing studies have paid much attention on digital economy rather than digital economics. Drawing from recent literature, this paper critically reviews the understanding of digital economy by examining its meaning, main characteristics, scopes, measurement methods and identifies how digital economy differs to traditional economy. The paper, then, presents a concept and roles of digital economics and the needed suggestions for training digital economics. With this regard, the paper concludes that the education policies should be renovated in order to meet the demands on digital economy. The courses of economics should be integrated with digital economics and sharing economics.
Avi G. & Catherine T. (2019). Digital Economics. Journal of Economic Literature. 57(1): 3-43.
Boston Consulting Group 2021. Putting Industry 4.0 to Work: The Nine Technologies Driving Industry 4.0. Retrieved from https://www.bcg.com/capabilities/manufacturing/industry-4.0 on October 2, 2020.
Cameron A., Pham T. H., Atherton J., Nguyen D. H., Nguyen T. P., Tran S. T., Nguyen T. N., Trinh H. Y. & Hajkowicz S. (2019). Future of digital economy of Vietnam – direction to 2030 and 2045. Brisbane: CSIRO.
Chohan U. W. (2020). Some Precepts of the Digital Economy Critical Blockchain Research Initiative (CBRI) Working Papers, 2020, . SSRN.
Chung D. K. (2017). The fourth industrial revolution: Nature, impacts and some policy recommendations for social economic development. Journal of Economic Studies. 9(472): 3-11.
Chung D. K. (2021). High Tech-Agriculture: A Point of View on Agricultural Evolution and Technological Development. Vietnam Journal of Agricultural Science. 19(2): 288-300.
Dung P. V. (2020). Digital economy: breakthrough opportunities for Vietnam. Hanoi: Central Theoretical Council.
European Parliament (2015). Challenges for Competition Policy in a Digitalised Economy, European Parliament, Brussels.
Gaspar J. & Glaeser E. (1998). Information Technology and the Future of Cities. Journal of Urban Economics. 43(1): 136-156.
Ha Q. T., Phan X. H., Nguyen T. T., Tran T. H., Trần M. V. & Nguyen H. D. (2020). Digital Economy: The world context and considerations for Vietnam. Journal of Trade and Industry. 2020(2): 64-72.
Harald Ø. & Jan A. A. (2018). Digital Economics: How Information and Communication Technology is Shaping Markets, Businesses, and innovation. CreateSpace Independent Publishing Platform. UK.
Heeks R. (2008). Researching ICT-Based Enterprise in Developing Countries, Development Informatics. University of Manchester, UK.
Kalleberg A. & Dunn M. (2016). Good jobs, bad jobs in the gig economy. Perspectives on Work.
Klaus S. (2017). The Fourth Industrial Revolution. Portfolio Penguin. London, England.
Martin R. H. (2001). From industrial economics to digital economics: an introduction to the transition. Santiago, Chile, February.
Oxford Digital Economy Collaboration Group 2018. Digital economies. UK: Oxford Internet Institute.
Puschmann T. & Alt R. (2016). Sharing Economy. Business & Information Systems Engineering. 58(1): 93-99.
Rumana B. & Richard H. (2017). Defining, Conceptualising and Measuring the Digital Economy. Development Informatics Working. Paper No. 68. SSRN.
Sang D. V. (2020). Development Tendency of the world digital economy and implications for Vietnam. Journal of Finance. 2 (September).
Sarah A. D., David H. B. & Jon O S. (2016). What Does the Gig Economy Mean for Workers. Congressional Research Service.
Stephany A. (2015). The Business of Sharing: Making it in the New Sharing Economy. Palgrave Macmillan. UK. pages pages.
Szmigiera M. (2021). Impact of the coronavirus pandemic on the global economy. Retrieved from https://www.statista.com/topics/6139/covid-19-impact-on-the-global-economy/#dossierSummary on July 16, 2021.
Tapscott D. (1996). The digital economy: Promise and peril in the age of networked intelligence. McGraw-Hill. New York.
UNCTAD (2019). Digital Economy Report 2019. Value Creation and Capture: Implications for Developing Countries. New York.
World Economic Forum (2016). The Future of Jobs: Employment, Skills, and Workforce Strategy for the Fourth Industrial Revolution. Geneva.
Worldometers (2021). COVID-19 Coronavirus Pandemic [Online]. Retrieved from https://www.worldometers.info/coronavirus/ on May 09, 2022.
Zu Xiaoming. (2018). Emerging Champions in the Digital Economy: New Theories and Cases on Evolving Technologies and Business Models. Springer Nature. Singapore