enhancing national capacity and competitiveness to build Digital Economy

González Remarks

Digital Economy Strategy 2022-2027

Contextual Brief

Image

WTO Digital technologies and trade news archive

  • WTO, WCO publication looks at how new technologies can assist cross-border trade
  • DG Okonjo-Iweala highlights success of Nigeria’s Growth Platform in driving digital trade
  • New joint publication highlights benefits of paperless trade
  • Global Trade and Blockchain Forum 2021
  • Blockchain forum looks at how to accelerate digitalization to facilitate trade
  • New WTO publication looks at impact of digital technologies on developing countries
  • World Trade Report 2020 explores increasing use of policies to foster digital innovation
  • DDG Yi: Regulatory work needed to enhance trade impact of blockchain technologies
  • New WTO publication analyses potential impact of Blockchain on international trade
  • World Trade Report 2018 highlights transformative impact of digital technologies on trade
Image

UNCTAD Digital Economy Report 2019

    Digital Economy has two pillars- Data and Platform. NTC, NCell, ISPs all represent the data and NTA is the data regulatory agency. In Nepal, data penetration to population is more than 90% which represent the consumption part(consumption of digital goods and services or goods and services on digital channel) or demand part in the economy. Google, facebook, NamastePay, Nagrik App all represent the platform which represent the production(production of digital goods and services or goods and services on digital channel) or supply part in the economy. In US, domain penetration to population is 37% which is equivalant to more than 1 Cr of domain penetration to population in Nepal. But in Nepal, domain penetration is less than 0.5%. This shows a disbalance in consumption-production or demand-supply pattern and does not makes gainer from digital economy. In traditional economy landlockedness is a setback which can be compansated by digital economy in some extent as geographically it provides equal oppertunities to all contries.

Size of Digital GDP

Digital GDP = C + G + I + NX ( Consumption Method)
where C = Private consumption in digital sector G = government spending in digital sector I = investment in digital sector and NX = net exports in digital sector

1

Global Digital Economy(by broad definition) is 15.5% of Global GDP

2

US Digital Economy(by broad definition) is 21.6% (2017)of US GDP

3

China Digital Economy(by broad definition) is 30%(2017) of China GDP

4

By 2021, the value of China's digital economy had reached 45.5 trillion yuan, accounting for 39.8 percent of its GDP.

In Statistics

Image
80% complete

Economic Survey of Nepal, 2020/21

agriculture contribution to GDP growth: 20.2%
industrycontribution to GDP growth: 19.6%
service sector contribution to GDP growth: 60.2%

Digital sector contribution to GDP has not been mentioned in the report
Image
80% complete

Size of Digital GDP

Global Digital Economy(by broad definition) is 15.5% of Global GDP
US Digital Economy(by broad definition) is 21.6% (2017)of US GDP
China Digital Economy(by broad definition) is 30%(2017) of China GDP

By 2021, the value of China's digital economy had reached 45.5 trillion yuan, accounting for 39.8 percent of its GDP.
Image
80% complete

Top Ten Global Companies List, 2020

100% of Top Global 5 Companies are from Digital Sector Src: Global Finance, Tues, May 05, 2020 70% of Top Global Companies are from Digital Sector each with avarage 747 billion dollar of market capitalization.Src: Global Finance, Tues, May 05, 2020 More than 50% of Top 15 Richest person in the world are from Digital Sector comprising of 529.5 billion dollars of net worthSrc: Forbes List, 2020 USA(31.1%), EU(19.1%), China(13.1%), Japan(6.4%) comprising of 69.7% of global IT market share

Alibaba, Amazon, eBay, Flipkart and Rakuten constitute 12% of total global goods trade.

Strategic Interventions

Image
80% complete

Governance for Digital Economy

Enhance Digital Economy Governance and acquire relevant share of Global Supply Chain in Trade and Foreign Investment
  • Develop and use digitally-enabled models of economy that drive improved accessibility, quality, safety and efficiency.
  • Set up proper governance mechanism (rules, regulation and guidelines)
  • Set up proper institutional mechanism to support digital economy governance, regulation and promotion at all levels and across all economic institutional settings
  • Establish Sustainable financing models for digital economy governance at all levels
Image
80% complete

Digital Economy Infrastructure and Connected Data Economy

Develop Digital Economy Infrastructure and Connected Data Economy
  • Secure exchange of economic information
  • Develop standards for next generation digital economy
Image
80% complete

Connected Platform Economy

Build Connected Platform Economy
  • Transform traditional products and services into digital products and services
  • Establish digital supply chain for distribution and trade of goods and services
  • Attract FDI for local production, international marketing and sales and engaging global supply chain for distribution of digital platforms and services in global marketplace
  • Improve access to production and consumption of digital goods and services to local entrepreneurs
  • Improve ease of business, create an enabling environment for promoting connected digital platforms.
  • Set up cost effective and robust enterprise architecture for digital economy
  • Promote digital technology to outreach entrepreneurs
  • To increase the uses of public services on connected platforms to help local entrepreneurs and grow local innovators and subsequently to sustain them.
Image
80% complete

Industry Standards, Regulation and De-Regulation

Develop and recommend Industry Standards, Regulations and Deregulations for Digital Economy
  • Use of high-quality data with a commonly understood meaning (interoperability between all public and private economy and services through adoption of sector specific terminologies, unique identifiers and data standards)
  • Establish public and private sector standards and interoperability lab
  • Establish sector specific standards for digital goods and services
  • Establish robust mechanism for data security and privacy
  • Harmonise existing regulations for growth of digital economy
Image
80% complete

Digital Economy Change Adoption

Digital Economy Change Adoption
  • Develop a workforce confidently using digital economy policy and tools
  • Develop a thriving digital economy industry delivering world-class innovation
  • Facilitate to develop skill mix human resources with blended knowledge on IT, economy and data science
  • Promote innovation for digital solutions by engaging public and private sector
  • improve capacity at national and provincial level facilities and ensure the supervision and mentoring support
  • Improve access of digital economy for vulnerable populations and reduce equity gaps
  • Develop human resource development plan for digital economy education with engagement of Academia and Private sector
  • Establish centres of excellence for digital economy
  • Promote digital economy collaborations and partnership models within and across organisations on the use of global goods, open-standards, and common digital economy architecture
  • Establish national research agenda on digital economy and frontier technology

Economic and Social Development Chapters

Image
80% complete

Digital Trade, Service and Investment

Image
80% complete

Digital Travel and Tourism

Image
80% complete

Digital Health

Image
80% complete

Digital Finance, Banking and Insurance

Image
80% complete

Digital Education

Image
80% complete

Digital Real Estate

Image
80% complete

Digital Agriculture

Selected Projects

80% complete

Valuation Framework for Digital Sector Companies

Image
80% complete

Sector Wise Enterprise Architecture Development

  • Improving Ease of Doing Business(EODB) with Enterprise Architecture: Architecture is a value creating activity. This is the premise with which the India Enterprise Architecture Framework has been developed and now being extensively adopted across India. Value, if not defined and measured, can be a very ambiguous construct. In the mid-eighties Michael Porter introduced the concept of value chain, and ever since it has arguably become the most influential and widely-used concepts in the realms of strategy and management. Needless to mention, today the significance of value is more relevant than ever before. This is attributable to easier access to resources which makes competitive advantage more challenging to achieve and sustain. Architecture (enterprise architecture to be specific) is a collection many functions and sub-functions which have to work together in tandem to deliver value to enterprises. Therefore, it is logical to put these functions and sub-functions together in the form of a value chain, i.e. an architecture value chain.

  • Realizing SDGs with Government Enterprise Architecture
  • ROLE OF ENTERPRISE ARCHITECTURE IN HEALTHCARE ORGANIZATIONS AND KNOWLEDGE-BASED MEDICAL DIAGNOSIS SYSTEM
  • ROLE OF ENTERPRISE ARCHITECTURE IN HEALTHCARE ORGANIZATIONS AND KNOWLEDGE-BASED MEDICAL DIAGNOSIS SYSTEM
  • ROLE OF ENTERPRISE ARCHITECTURE IN HEALTHCARE ORGANIZATIONS AND KNOWLEDGE-BASED MEDICAL DIAGNOSIS SYSTEM
  • ROLE OF ENTERPRISE ARCHITECTURE IN HEALTHCARE ORGANIZATIONS AND KNOWLEDGE-BASED MEDICAL DIAGNOSIS SYSTEM
  • ROLE OF ENTERPRISE ARCHITECTURE IN HEALTHCARE ORGANIZATIONS AND KNOWLEDGE-BASED MEDICAL DIAGNOSIS SYSTEM
    • 80% complete

    Roster of GEA 2.0 Auditor

    80% complete

    Digital Industrial Corridor

    80% complete

    Funding Institutions to finance Digital Start ups throught life cycle