Digital transformation plans progress in ASEAN region

The world is about to receive its first region-wide digital economy agreement covering areas such as digital ID, digital payments, data flows, trade and much more.

The Association of Southeast Asian Nations (ASEAN) is hoping that its ASEAN Digital Economy Framework Agreement (DEFA) will harmonize digital economies across the 10-country bloc. But while policies can help digital transformation, socio-economic differences across the region and different regulatory regimes are posing challenges, writes Joo-Ok Lee, the World Economic Forum head of regional …

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