Abstract
Digital technologies increase the ability of the economy to absorb and adapt the existing knowledge elsewhere for building indigenous capacity for development. Not only external markets enable countries to improve entrepreneurial capabilities and increase production linkages, but also facilitate inflows of foreign direct investment and encourage local firms to participate in the global value chains. Narrowing the digital divide becomes essential for joining the digital economy and benefiting from the new opportunities offered by the Fourth Industrial Revolution. Human capabilities contribute to decision making by providing more choices to select among alternative development projects. Digital technologies are enablers for rapid technological change and economic conversion.
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Al-Roubaie, A. (2022). The Digital Economy: Challenges and Opportunities for Economic Conversion in the Gulf Countries. In: Musleh Al-Sartawi, A.M.A. (eds) Artificial Intelligence for Sustainable Finance and Sustainable Technology. ICGER 2021. Lecture Notes in Networks and Systems, vol 423. Springer, Cham. https://doi.org/10.1007/978-3-030-93464-4_59
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