Service-led Growth And A Digital Economy In Post-covid Scenario
- Uptake of the digital economy will take a whole of government and multi-stakeholder approach to integrate a gender perspective in policy planning on the digital economy and equip women with digital skills.
- The public sector needs to be engaged in developing digital platforms that specifically targets female entrepreneurs and make digital spaces safe for women.
- Based on major concerns raised by all relevant stakeholders, digital trade policy needs to address issues around data protection and privacy followed by electronic trade facilitation and consumer protection.
- For a sustainable and inclusive trade, mutual concern and economic strengths need to be addressed by enabling SMEs to engage through International Trade Centre (ITC).
- To develop a digital economy and a digital silk road in Pakistan, country needs to step up the exchanges and cooperation on digital technologies, such as new infrastructure, mobile payments, e-commerce networks, smart factories and digital electronics.
- To boost global competitiveness in service-led growth, there is a need to exploit the complementary linkages between services export and Foreign Direct Investments (FDIs).
- To increase employability, there is a need to focus on both short- and long-term interventions that can boost economic growth.
- A service-led development would require a major development around traceability, profitability, and capacity building.
- The recovery plan of Micro, Small and Medium Enterprises (MSMEs) from COVID-19 should address building their digital capacity and tailor-made integrated solutions, which ensures that the recovery is inclusive and greener.
- For the contingency plans to deal with the lasting impacts of COVID-19, the recovery needs to have a more comprehensive approach. As a global community, there is a need to find ways around lockdown and travel bans through smart lockdowns, smart travel restrictions and developing better capacities.
- Public sector financing that is committed to green build-up should be strategically used to mobilize the private sector investment. This can be facilitated through the correct value proposition of biodiversity and climate risks.
- To ensure progress on SDGs in post-COVID scenario, green financing and data restructuring should be mobilized for green projects and digital transformation.
