DIGITALIZATION AND SUSTAINABILITY – OPPORTUNITIES AND CHALLENGES FOR SUSTAINABLE ECONOMY GROWTH

Manying Qiu, Virginia State University, Petersburg, VA, U.S.A.
Yaquan Xu, Georgia Gwinnett College Lawrenceville, GA, U.S.A.
Shuting Xu, Georgia Gwinnett College, Lawrenceville, GA, U.S.A.

Published in

JOURNAL OF INTERNATIONAL MANAGEMENT STUDIES
Volume 18, Issue 3, p21-28, October 2018

ABSTRACT

Digitalization and Sustainability are two forces converging into a powerful transformation storm to change and reshape business, society and global economy. Analysis of publicly available data shows that digitalization builds wealth and the conversion of wealth into well-being stimulates and promotes stronger economic growth. Sustainability preserves and maintains adequate resources to support digitalization. While digital technologies and ecological system provide opportunities for countries’ sustainable economic growth, developing countries are facing more challenges than developed countries but they are gaining momentum and catching up the rich countries.

Keywords

Digitalization, Sustainability, Sustainable economic growth, GDP, ESG, SEDA


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