New Digital Economic Geography

We see four major impacts of digitalization on economies. First, it has created its own sectors and occupations in which it now employs a sizeable share of workers, such as in the information technology and communication industry. Second, it has penetrated each of the industries and service sectors and facilitated growth and development of those industries. The automatization of manufacturing and services through digital technologies is an example in this regard. Third, it has created firm-to-firm, buyers-to-sellers relations, and facilitates local to global trade. Globally, now, a sizeable number of workers and enterprises are managing the communication and flow of information.