The Asian Development Bank (INSME Member) released a new podcast in the context of the Asia’s Developing Future, the initiative aimed at reaching the audience of the ADB through audios that explain economic topics with a not complex approach.
The leading speaker of the episode issued on 3rd December was the ADB research fellow, John Bernie, who shared his perspective on how digitalisation will affect Asia’s emerging economies.
In the podcast, the speaker refers to his new book, Macroeconomic Stabilization in the Digital Age, explains how policymakers are trying to ensure macroeconomic stability while are still handling the challenges brought up by technological advancement. For example, advance in digital finance has disrupted financial services at a systemic level, shifting from traditional banks to financial intermediaries. During the Covid-19 crisis, emerging economies dealt with large and volatile flows, which resulted in benefits for growth that are also risky if not effectively managed.
Asia and Pacific’s economies show a positive growing trend in terms of digitalisation for some years now. Even if each state had a different response to the digitalisation, the Asia and Pacific area as a whole, is the leader in the fintech adoption and in the e-commerce sector. The difference between the Asian countries and the others is the mindset, the willingness to move to more technological-driven ways of doing business.
John Bernie closed his speech by recommending an increasing awareness of policymakers on digitalisation by pursuing, for instance, the implementation of additional policies to aid stabilisation.
Listen to the podcast here.
Source: The International Network for SMEs - INSME
