COVID-19 has illustrated the power of digital innovations, in improving the individual and collective capabilities to drive change and be resilient in times of multiple combined crises. With an estimated 15% contribution to world GDP in 2015-2020, digital economy has been supporting global economic recovery. Thus, Indonesia’s G20 Presidency placed digital transformation as one of its priority agendas for global recovery and is working towards a new global digital architecture that an strengthen digital connectivity, entrepreneurship, skills upgradations, and data flow.
In support of the G20 digital working group, T20 -Task Force 2 acted as a platform for exchanging information and experiences related to best practices in the field of Meaningful Digital Connectivity, Cyber Security, Empowerment.
Adoption and use of digital technologies and the speed transformation varies among G20 economies by demographic categories, industries, and firm size, raising concerns about the inclusiveness of the digital transformation. Barriers typically include some combination of a lack of high-quality and affordable infrastructure connectivity; a lack of trust in digital technologies and activities; a shortage of the skills needed to succeed in the digital economy; a more reactive than proactive approach to the openness of the Internet; services trade barriers; high costs and poor access to financing for smaller firms; barriers to the reallocation of resources across firms and sectors; and a lack of interoperability of standards. The growing number of digital agendas or strategies established by developed and emerging economies shows the relevance of a whole-of-government approach to address these issues in a coherent manner.
Based on the results of an open discussion at the T20 Indonesia several bold ideas were proposed to resolve these issues in the form of articulation digitalization for quality of life. G20 leaders could support the adoption of best practices and policies that enable all relevant actors, including SMEs, Cities to work together more effectively to help foster an interoperable environment in support of sustainable and inclusive growth. Several solutions were proposed, including establishment of Regional Center for Digital Economy for Sustainable Growth and the formulation of the Smarter World Living Lab.
The special G20 event 'Shaping Digital Innovations for A Sustainable Recovery' will be organized by the Bandung Institute of Technology (ITB) and Economic Research Institute for ASEAN and East Asia (ERIA) intends to:
1PM - 1:30PM
1:30PM - 1:40PM
Welcoming and Opening Remarks
MC: Ms Lydia Ruddy, Director of Communications and Special Advisor to the President on US-ASEAN Affairs, ERIA
1:40PM - 1:50PM
1:50PM - 2:20PM
2:20PM - 3:20PM
‘How can developing countries make the most of the digital revolution and what is the role of G20?’
3:20PM - 3:40PM
Q&A and Discussion
3:40PM - 3:45PM