Over the last year, the pandemic has caused the global economy to contract by 4.4%. At the same time, one trend has accelerated worldwide: digitalization. As countries face repeated lockdowns, school closures, and shutdowns of entire industries, digital capabilities – whether for remote schooling, e-commerce, or working from home – have become more essential than ever. But how exactly has this played out around the world — and what do governments, businesses, and investors need to do to come out on top?
Harvard Business Review: Which economies showed the most digital progress in 2020?
A woman browses an online retail shop in Berlin on Oct. 13, 2020.
