Ireland named a ‘standout’ country among world’s fastest-moving digital economies
Ireland has been listed alongside Israel and Singapore as a ‘standout’ country by the Harvard Business Review — one of the economies where the digital economy is moving at its fastest.
The Harvard Business Review defines ‘standout’ countries as those that have shown high levels of digital development in the past and continue to remain on an upward trajectory.
Singapore tops the standout league because of its sophisticated digital infrastructure and has continued to entrench its lead position by investing in infrastructure. Other countries cited as standing out include Switzerland, Hong Kong, South Korea, New Zealand and the UAE.
‘Stall-out’ countries that have shown leadership in the past but are now losing momentum include Norway, France, Denmark, Belgium, Finland, Czech Republic and the Netherlands.
‘Break-out’ countries that have the potential to develop strong digital economies and that are moving fast include Malaysia, Chile, China, South Africa, Mexico, India, Columbia and Vietnam.
‘Watch-out’ countries that lack momentum including Portugal, Poland, Italy, Greece and Hungary.
We may be on a journey toward a digital planet — but we’re all traveling at different speeds
The Harvard Business Review rated countries on factors including: the rhythms in digital commerce; private equity investment, e-commerce start-ups and innovation, and used a four-pronged index taking into account supply-side factors, demand-side factors, innovations and institutions/regulations