T20 TF2 Leveraging digital transformation for stronger and smarter world economy recovery together

This session is curated by T20 Task Force 2 Lead Co-Chair Suhono Harso Supangkat, Head of Smart City & Community Innovation Center, Institut Teknologi Bandung.

Digital technology advancements, particularly during the COVID-19 pandemic situation, have accelerated growth and development in a variety of sectors, most notably digital transformation. In an era defined by uncertainty, the time has come to confront the unknown in a variety of fields. Apart from COVID 19, the world faces plenty of other challenges, including the global economy, foreign and security policy, development, and climate change.

By fusing digital transformation and smartization with the imagination and creativity of diverse individuals, developing economies can create new opportunities for infrastructure leapfrogging (Ciuriak & Ptashkina, 2021). Meanwhile, realizing the full potential of the global economy's rapid digitalization will require a new landscape of cooperation between nations and all stakeholders to ensure inclusive growth in the digital age. How will the new landscape for collaboration between nations and all stakeholders for the purpose of ensuring shared prosperity take shape? From digital connectivity to digital skills and literacy programs, as well as the adoption of four principles: lawfulness, equity, transparency, and reciprocity.