International Journal of Cyber Diplomacy / 2021, Volume 2
The New Emperors and their Global Kingdoms. Digital Capabilities, Business and Cyber Diplomacy
Monica GHEORGHIȚĂ
The economic and health crisis caused by COVID 19 has disrupted the business systems of administrations and companies in the private and public sectors alike, forcing them to make a rapid shift to remote work. According to consultancy McKinsey, Europe is at 12% of its digital potential, while the US is at 18%. In the emerging markets, uptake will depend on the trajectory transformation takes: should countries play catch up with the developed world; create their own route to develop new and transformative technologies to increase competitiveness; or leverage the pandemic-induced acceleration of digitalization to leapfrog obsolete technologies and head straight to modern solutions, taking the so-called shortcuts to progress?