Dr.Rania Abdelmoneim: Digital Economy
is an instructor of private Law in Egyptian Universities, legal expert
legal trainers for monetary sector and bankers in Egypt
Digital transformation is an economic necessity to enhance productive and competitive capacity by focusing on economic sectors that can benefit from technical development in all countries, which generally increases the levels of flexibility of these economies and their ability to achieve a qualitative shift.
In the midst of the digital developments in the world economy and the shocks it affects, States have therefore been interested in preparing their economies and institutions for the transition from the traditional to the digital economy.
International competitive development is a new economic phase managed by economic factors as well as the means of innovation, knowledge and creativity, the most important of which is the tools of digital transformation.
At the national level, interest has increased in achieving sustainable development of Egyptian exports through export-based legislation and institutions and strategies to improve the competitiveness of Egyptian exports in international markets.
E-commerce through e-contract applications and e-signature has become an influential factor in the growth of countries’ economies and the promotion of their foreign trade, and increasing competitiveness from the provision of information and immediate services and the marketing of products through the application of e-commerce via the Internet.
The gatekeepers of the digital commercial gates are especially special after the global pandemic (coronavirus) or COVID-19 has been hit.
The world’s countries face a real challenge in developing legislation and legal controls that are compatible with modern e-commerce process patterns, including the legalization of e-commerce and the enhancement of competitiveness.
Support and start-ups from competition risks with major business entities in digital markets.
Digital transformation is a present economic necessity , given the need to diversify of Arab economies to mitigate their vulnerability to shocks in global markets and to enhance productivity and competitiveness, focusing on accelerated technical development in all countries.
In the midst of accelerating digital developments in the global economy, The world’s nations have begun to shift from a traditional to a digital economy, The popularity of online shopping is increasing dramatically, and this has become an influential factor in the growth of countries’ economies and the promotion of their foreign trade.
An important means of increasing productive and competitive capacity in the provision of immediate information and services and therefore States were interested in preparing their economies and institutions for the transition to a digital economy through the application of electronic commerce.
Technical acceleration in all countries is generally a cause of these economies’ levels of resilience and their ability to achieve a qualitative and accelerated transition in the economy.
These digital technologies depend on making significant gains for a multi-channel economy that requires the development of the digital economy to create the conditions for building digital infrastructure as well as social trust among citizens, citizens and their Governments, citizens and key institutions, Like banks through strict e-commerce regulations to regulate brokers’ accountability and the protection of consumers via the Internet, electronic documents and electronic signature, which are necessary to increase users’ confidence in conducting online business transactions .
