This Asian country is leading the way for the digital economy – CNBC

“You can be small and be open by connecting to the world and making (digital investment) a priority for the country,” she told CNBC Wednesday.

“This is what Singapore has done,” she added. “Singapore has put into place a very strong government strategy to promote information and communications technology in terms of skills, infrastructure, business usage and individual usage. This coherent approach to really pushing it forward was what made it a success.”

The report, published this week, aims to encourage investment information and communications technology by highlighting the economic and social impacts of digital innovation.

“The digital economy is an essential part of the architecture of the fourth industrial revolution,” Richard Samans, head of the center for the global agenda at the World Economic Forum, said in a press release.

“In order for digital technology to continue contributing economic and social impact, societies need to anticipate its effects on markets and to ensure a fair deal for workers in digitized market environments.”

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