This note examines the implications of digital innovation for market structure and attendant policies, including financial and competition regulation. There have been several surveys of regulatory responses. This note takes a step back, to look at what the economic theory of banking and...

Many Sub-Saharan African (SSA) countries, including Guinea-Bissau, lack the requisite enabling environment to capture a larger fraction of the global digital economy or benefit from its gains and are thus at increasing risk of being left behind. Rapid digital transformation is reshaping the...

"Chen and Dahlman assess the effects of knowledge on economic growth. By using an array of indicators, each of which represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period 1960 to 2000, they show that knowledge is a...

Knowledge has always been an essential force in economic development. Chapter one, describes the knowledge revolution, which is leading us into a postindustrial age in which brains, not brawn, are the best means of coping with intensified competition and new challenges, including those related...

This report documents the main findings of the Word Bank Group Survey on Digital Transformation and the Future of Finance. The survey was conducted between May 2020 and January 2021 and focused on the digital transformation of financial services and its impact on financial markets and regulatory...

The rapid pace of information communication technologies (ICT) in the last ten years have transformed developed countries into "information societies". Consequently, new technologies are at the center of debate in developing countries, who also aim at profiting from its advantages. Technology...

This report presents the main findings of three major studies carried out as part of Korea and the Bank's Knowledge Partnership. It is divided into three main sections: (a) a Strategic Review which integrates, and summarizes the most important findings, and policy recommendations for Government...