Germany boasts the best knowledge ecosystem and infrastructure for trad, but its connectivity quality has dropped relative to the rest of the world despite the continuing upwards trend in the number of secure servers.
It is interesting what is happening with China. The country is experiencing growth in all indicators, but is facing problems in improving the digital skills of its population.
The study concludes that digitalization can absorb the shock caused by COVID-19. From an economic point of view, countries whose environment is more conducive to business digitalization (good connectivity, market size, regulations, logistics and knowledge) have managed to respond to the crisis and have increased digitalization in many sectors.
Those countries likely enabled digitalization in administrative bureaucratic processes (state schemes to help companies and citizens in rapidly receiving financial help or sanitary assistance (testing, tracing, isolating, distributing vaccines), on the demand side (consumption with the help of web platforms) and on the supply side in terms of companies’ ways of working (remote working, data storing and sharing etc.).