DIGITAL SOLUTIONS FOR SUSTAINABILITY
EMSD acts as a knowledge hub on digital and platform economy solutions for sustainable development in developing countries and emerging markets. We support policy makers, think tanks, business and civil society actors in mastering the profound challenges provoked by the digital transformation. EMSD facilitates multi-stakeholder dialogues and provides technical assistance on regulatory frameworks that make the most of new economic configurations whilst mitigating interrelated social, environmental and data security risks. What is more, we support the development of innovations that unlock the potential of game-changer technologies like block chain to foster green finance solutions.
To harbor the potential of digital solutions for sustainable development
The digital economy is transforming global production and consumption patterns and is profoundly reshaping the way we interact both in the private and public spheres. Digital platforms, in particular, harbour vast potential to foster growth, technology spill-overs and innovation. In many developing countries, they create entrepreneurial opportunities, allow workers to participate in more formalised and fair work relations, and propel formerly marginalized groups into a global economic and financial system. On the other hand, platforms may sidestep responsibilities that are typically the domain of employers, such as non-discrimination or the provision of social security benefits. Beyond labour considerations, platforms may also pose challenges for economic competition and political stability: Network effects tend to facilitate the creation of monopolies with prohibitively high entry barriers. Besides, the digitalization of transactions raises data sovereignty and protection issues. In light of these complex challenges, it is imperative that policy makers recognize the role of regulative frameworks that harness the immense inclusive and growth potential of the digital economy whilst shielding against economic and social risks.
Providing decision makers with policy and regulatory advice for an inclusive digital economy
EMSD follows a comprehensive approach to promoting inclusive digital economies. We empower our partners to conduct cutting-edge research, including on the reach of digital platforms in emerging markets and their impact on labor conditions. Based on this, we are collaboratively building a knowledge hub that compiles best practices on regulative frameworks and standards for inclusive and sustainable platform economies. Through international multi-stakeholder dialogues, we promote the diffusion of these best practices across regions. To translate these insights into concrete action, we advise policy makers on designing progressive regulative frameworks for an inclusive platform economy and support the development and piloting of innovations that drive sustainable digital solutions (e.g. Green Asset Wallet).