The digital age offers Asia-Pacific countries a great opportunity to create new and innovative technologies that can promote economic development and improve the daily lives of their citizens.
The digital revolution has transformed businesses and shaped social developments in Asia at an astonishing pace. The prospects of a “Digital Asia” hold great promises for the Asia-Pacific region: China has the world’s largest online population, South Korea has the world’s fastest internet connection speed, and Japan is still a leading technological powerhouse.
Furthermore, digital literacy can help citizens in developing countries to get social, civil, and economic benefits. Affordable internet access, expanding connectivity, low-cost smartphones, and transparent cyber policies can all contribute to boosting internet usage in the Asia-Pacific region.
Yet governments across the Asia-Pacfic are struggling to define their domestic and international policies regarding cyberspace. On a political level, conflicts in the cyber domain will be on the rise as disputes over territorial claims and resources emerge. On an economic level, the costs of cyber crime in the Asia-Pacific are estimated at $240 million annually. Stakeholders in the Asia-Pacific are already wary of cyber crime but common efforts to fight the problem remain relatively low and need to be further developed. As long as cyberspace remains unregulated, cyber conflicts will create high tensions within international relations.
Want to know more about Digital Asia?
Our analysts provide you with in-depth analyses, critical insights and strategic assessments regarding the impact of digital innovations and cybersecurity in the Asia-Pacific region. Get in touch with our digital experts now.