From Policy to Innovation: A Comparative Analysis of Digital Economy Strategies in Selected Countries

This article presents a comparative analysis of the digital economy strategies of the Arabian Union, European Union (EU), and China using the Analytic Hierarchy Process (AHP) methodology. The study assesses these strategies based on four key indicators: Policy and Regulatory Framework, Digital Infrastructure, Innovation and Technology Adoption, and Human Capital and Skills. The findings reveal that the EU leads in overall digital economy readiness, driven by its strong regulatory environment, advanced infrastructure, and emphasis on human capital development. China, while excelling in digital infrastructure and innovation, faces challenges in regulatory frameworks and workforce skills. The Arabian Union, though currently in the early stages of digital transformation, shows significant potential for growth, particularly with ongoing investments in infrastructure and strategic initiatives like Saudi Vision 2030. The analysis highlights the strengths and areas for improvement for each region, providing valuable insights for policymakers aiming to enhance their digital economy strategies and global competitiveness.

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Publication Details

Published
2024-10-09
DOI
https://doi.org/10.1109/ist64061.2024.10843661
Primary Topic
ICT Impact and Policies
Type
article
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article

From Policy to Innovation: A Comparative Analysis of Digital Economy Strategies in Selected Countries

Hassan Yeganeh, Fatemeh Kassaie Najafi, Afsaneh Vahedian
ICT Impact and Policies
article

From Policy to Innovation: A Comparative Analysis of Digital Economy Strategies in Selected Countries

Hassan Yeganeh, Fatemeh Kassaie Najafi, Afsaneh Vahedian
article en

Abstract

This article presents a comparative analysis of the digital economy strategies of the Arabian Union, European Union (EU), and China using the Analytic Hierarchy Process (AHP) methodology. The study assesses these strategies based on four key indicators: Policy and Regulatory Framework, Digital Infrastructure, Innovation and Technology Adoption, and Human Capital and Skills. The findings reveal that the EU leads in overall digital economy readiness, driven by its strong regulatory environment, advanced infrastructure, and emphasis on human capital development. China, while excelling in digital infrastructure and innovation, faces challenges in regulatory frameworks and workforce skills. The Arabian Union, though currently in the early stages of digital transformation, shows significant potential for growth, particularly with ongoing investments in infrastructure and strategic initiatives like Saudi Vision 2030. The analysis highlights the strengths and areas for improvement for each region, providing valuable insights for policymakers aiming to enhance their digital economy strategies and global competitiveness.

ICT Research Institute (IR)
Industry, innovation and infrastructure, Decent work and economic growth
Openalex Percentile: Top 62%
ICT Impact and Policies
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