Role of Digital Economy in Realization of Inclusive Growth

Since the 4th Industrial Revolution (4IR) digital technology has been playing an important role in economic growth leading to a continuous decline in the level of extreme poverty across the globe. while there are opportunities of using the digital revolution to promote inclusive growth, there are ri...

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Autor principal:	Habib Ahmed
Formato:	article
Lenguaje:	AR EN
Publicado:	Bait Al-Mashura Consultations 2020
Materias:	digital economy inclusive growth Banking HG1501-3550 Islamic law KBP1-4860
Acceso en línea:	https://doaj.org/article/a5bec8e79a7f4008af24e79014841aa8
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spelling	oai:doaj.org-article:a5bec8e79a7f4008af24e79014841aa82021-12-02T12:17:08ZRole of Digital Economy in Realization of Inclusive Growth10.33001/M0104202012692410-68362409-0867https://doaj.org/article/a5bec8e79a7f4008af24e79014841aa82020-04-01T00:00:00Zhttps://www.mashurajournal.com/en/role-of-digital-economy-in-realization-of-inclusive-growth/https://doaj.org/toc/2410-6836https://doaj.org/toc/2409-0867Since the 4th Industrial Revolution (4IR) digital technology has been playing an important role in economic growth leading to a continuous decline in the level of extreme poverty across the globe. while there are opportunities of using the digital revolution to promote inclusive growth, there are risks that technology could further escalate the worsening income distribution, and mitigating such risks will require establishing a sound digital infrastructure and providing digital education to all members of the society. The research adopts a descriptive approach to deal with the prospect of digital technology in promoting inclusive growth and to scrutinize the features of the digital economy, while it deploys a critical approach to discuss the notion of inclusive growth and the ways in which the digital economy may contribute to it. Through the inductive and deductive approaches, the research analyses briefly the Islamic perspectives on the digital economy, prior to concluding with the results such as the benefits of economic growth during the past century were mostly in favor of the higher income groups due to the way in which they were distributed among the factors of production and digital economy can potentially contribute to inclusive growth by breaking down some of the constraints in the traditional production process and by offering digital platforms for sharing economies and earning an income. The research proposes to carry out further inclusive innovations in the digital economy for proposing business models that may serve economically and socially excluded. Keywords; Inclusive Growth, Digital Economy, Fintech.Habib AhmedBait Al-Mashura Consultationsarticledigital economyinclusive growthBankingHG1501-3550Islamic lawKBP1-4860ARENمجلة بيت المشورة, Iss 12, Pp 277-286 (2020)
institution	DOAJ
collection	DOAJ
language	AR EN
topic	digital economy inclusive growth Banking HG1501-3550 Islamic law KBP1-4860
spellingShingle	digital economy inclusive growth Banking HG1501-3550 Islamic law KBP1-4860 Habib Ahmed Role of Digital Economy in Realization of Inclusive Growth
description	Since the 4th Industrial Revolution (4IR) digital technology has been playing an important role in economic growth leading to a continuous decline in the level of extreme poverty across the globe. while there are opportunities of using the digital revolution to promote inclusive growth, there are risks that technology could further escalate the worsening income distribution, and mitigating such risks will require establishing a sound digital infrastructure and providing digital education to all members of the society. The research adopts a descriptive approach to deal with the prospect of digital technology in promoting inclusive growth and to scrutinize the features of the digital economy, while it deploys a critical approach to discuss the notion of inclusive growth and the ways in which the digital economy may contribute to it. Through the inductive and deductive approaches, the research analyses briefly the Islamic perspectives on the digital economy, prior to concluding with the results such as the benefits of economic growth during the past century were mostly in favor of the higher income groups due to the way in which they were distributed among the factors of production and digital economy can potentially contribute to inclusive growth by breaking down some of the constraints in the traditional production process and by offering digital platforms for sharing economies and earning an income. The research proposes to carry out further inclusive innovations in the digital economy for proposing business models that may serve economically and socially excluded. Keywords; Inclusive Growth, Digital Economy, Fintech.
format	article
author	Habib Ahmed
author_facet	Habib Ahmed
author_sort	Habib Ahmed
title	Role of Digital Economy in Realization of Inclusive Growth
title_short	Role of Digital Economy in Realization of Inclusive Growth
title_full	Role of Digital Economy in Realization of Inclusive Growth
title_fullStr	Role of Digital Economy in Realization of Inclusive Growth
title_full_unstemmed	Role of Digital Economy in Realization of Inclusive Growth
title_sort	role of digital economy in realization of inclusive growth
publisher	Bait Al-Mashura Consultations
publishDate	2020
url	https://doaj.org/article/a5bec8e79a7f4008af24e79014841aa8
work_keys_str_mv	AT habibahmed roleofdigitaleconomyinrealizationofinclusivegrowth
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Role of Digital Economy in Realization of Inclusive Growth

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