Digital services facing the new global challenges and supporting the globalization

Georgeta Ilie

Social-Economic Debates, 2023, vol. 12, issue 1, 8-17

Abstract: This paper tries to bring together some elements highlighting that the future of globalization will be supported by digital technologies and service business models. Recent global challenges generated by the pandemic crisis and geopolitical tensions have brought up discussions about new obstacles in the way of globalization. However, despite the pandemic restrictions, trade in many professional and cultural services was supported by digital technologies that were successfully implemented in other traditional service sectors. Our analysis aims to gather some opinions and arguments, including those presented at the level of international organizations, related to the chance to continue the globalization process based on new advanced technologies applied mainly in service business in a world marked by new challenges. Digital platforms and the Internet have opened a new door to trading system, which, despite the new economic and geopolitical tensions, will represent the source of the growth trends in the coming years. These developments have to be accompanied by the regulatory framework created within international and regional organizations, to ensure a set of appropriate trading rules in the new era of digitalisation.

Keywords: globalization; trade in services; digitalisation; perspectives; challenges (search for similar items in EconPapers)
JEL-codes: F13 F63 J24 L86 O24 (search for similar items in EconPapers)
Date: 2023
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