The Digital FDI Initiative will help implement measures to create a ‘digital-friendly’ investment environment. The Big Picture Crowdsource Innovation The initiative will identify challenges and solutions to growing digital FDI: cross-border investment in the digital economy. Enabling digital FDI requires specific policies and measures vis-à-vis traditional FDI as digital firms operate different business models. This initiative opens the door for cooperation in other areas such as data policy, digital payments, digital skills and international agreements. Digital transformation is rapidly taking place, and we need the right governance frameworks to maximize its positive contribution and enable societies to prosper. The World Economic Forum and the Digital Cooperation Organization have launched a collaboration – the Digital FDI Initiative – to identify the biggest challenges to growing the digital economy by helping implement policies and measures that will create “digital-friendly” investment climates. Pakistan and Rwanda will be the first two countries to be supported by this new initiative to create an enabling environment for their digital future. More countries are in the pipeline to join the initiative and will be announced in the near future soon. With unemployment rates raised by COVID-19, the digital economy presents an opportunity to create innovative new […]
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