Digital Economy for Sustainable Economic Development Using WASPAS Method

The digital economy is an important driver of global economic growth, reshaping industries, improving productivity and creating new opportunities for innovation. This article explores the multifaceted relationship between economic growth and the digital economy, highlighting how digital technologies are changing traditional economic models. It explores the key drivers of growth in the digital era, such as digital infrastructure, e-commerce and fintech, and examines the challenges and opportunities posed by this rapid change. The study also discusses implications for policymaking and the need for strategic investments to harness the full potential of the digital economy in promoting sustainable and inclusive growth. The advent of the digital economy represents a paradigm shift in the way economic activities are conducted, affecting every aspect of society. The proliferation of digital technologies, from the Internet and mobile devices to artificial intelligence and block chain, has revolutionized industries, disrupted traditional business models, and inspired new forms of economic activity. In this context, the digital economy has become a key engine for economic growth, driving productivity gains, fostering innovation and creating new market opportunities. The importance of examining economic growth in the context of the digital economy is rooted in the profound and far-reaching impact digital technologies are having on global economic growth. As the digital economy continues to expand, it is important to understand how these technological advances are changing traditional economic paradigms and influencing growth trajectories. This research is important for several reasons: Understanding the shift in economic models: The digital economy has fundamentally changed the way businesses operate, markets function and consumers interact. By studying economic development in this context, we can better understand how digitization is reshaping industries, leading to new business models and enabling unprecedented levels of innovation and efficiency. Alternatives taken as GDP Growth (%), Innovation Index (1-10), Digital Infrastructure Cost (1-10), Cyber security Risk (1-10). The results indicate that Country C achieved the highest rank, while Country B had the lowest rank being attained. The value of the dataset for Corporate Economic growth in the digital economy. according to the WASPAS Method, Integrated Pest Management achieves the highest ranking.

Publication Details

Journal
Trends in Finance and Economics
Published
2025-07-19
DOI
https://doi.org/10.46632/tfe/3/2/1
Primary Topic
Microfinance and Financial Inclusion
Type
article
Field-Weighted Citation Impact
0.00
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article

Digital Economy for Sustainable Economic Development Using WASPAS Method

Trends in Finance and Economics
Microfinance and Financial Inclusion
article

Digital Economy for Sustainable Economic Development Using WASPAS Method

article en

Abstract

The digital economy is an important driver of global economic growth, reshaping industries, improving productivity and creating new opportunities for innovation. This article explores the multifaceted relationship between economic growth and the digital economy, highlighting how digital technologies are changing traditional economic models. It explores the key drivers of growth in the digital era, such as digital infrastructure, e-commerce and fintech, and examines the challenges and opportunities posed by this rapid change. The study also discusses implications for policymaking and the need for strategic investments to harness the full potential of the digital economy in promoting sustainable and inclusive growth. The advent of the digital economy represents a paradigm shift in the way economic activities are conducted, affecting every aspect of society. The proliferation of digital technologies, from the Internet and mobile devices to artificial intelligence and block chain, has revolutionized industries, disrupted traditional business models, and inspired new forms of economic activity. In this context, the digital economy has become a key engine for economic growth, driving productivity gains, fostering innovation and creating new market opportunities. The importance of examining economic growth in the context of the digital economy is rooted in the profound and far-reaching impact digital technologies are having on global economic growth. As the digital economy continues to expand, it is important to understand how these technological advances are changing traditional economic paradigms and influencing growth trajectories. This research is important for several reasons: Understanding the shift in economic models: The digital economy has fundamentally changed the way businesses operate, markets function and consumers interact. By studying economic development in this context, we can better understand how digitization is reshaping industries, leading to new business models and enabling unprecedented levels of innovation and efficiency. Alternatives taken as GDP Growth (%), Innovation Index (1-10), Digital Infrastructure Cost (1-10), Cyber security Risk (1-10). The results indicate that Country C achieved the highest rank, while Country B had the lowest rank being attained. The value of the dataset for Corporate Economic growth in the digital economy. according to the WASPAS Method, Integrated Pest Management achieves the highest ranking.

Trends in Finance and EconomicsVol. 3(2 June 2025)
Decent work and economic growth
Openalex Percentile: Top 73%
Microfinance and Financial Inclusion
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Digital Economy for Sustainable Economic Development Using WASPAS Method · Trends in Finance and Economics (2025) | TGRS Research Map | TGRS