Driving Inclusive Digitalization in Trade and Trade Finance
This brief analyzes how digitalization can help overcome trade and trade finance challenges, assesses the factors holding it back, and shows how it can promote inclusive and sustainable growth in the Asia and Pacific region.
It explains how the pandemic increased digitalization and shows how it is changing the nature of trade. It highlights how small business adoption of digital solutions is being slowed by insufficient capacity and access to finance. Outlining how digitalization can cut costs, improve efficiencies, and transparency, it underscores the need for common standards to narrow the digital divide that risks leaving developing economies behind.