The Digital Economy and an Overview of the South African Economy

Abstract

In recent decades, the digital economy has become a central force in reshaping global economic structures. Understanding its impact is especially critical for emerging economies striving for sustainable development.

The effects of digitalization on the global economy are being felt across all sectors...The effects of digitalization on the global economy are being felt across all sectors. It is evident that it will lead to a reshaping of employment, inflation, financial markets, production, consumption, health, trade, aviation, and tourism sectors. Within the context of digitalization, key developments such as the growth of e-commerce, the expansion of the logistics sector, the proliferation of digital financial instruments, and the digitalization of economic activities will be examined to assess the impact of digital transformation on economies. This study focuses on empirically analyzing the effects of digitalization on the economic dynamics of South Africa. Econometric analysis methods will be employed using data sets covering the period from 2000 to 2024.

Keywords: Digitalization, Globalization, South African Economy

DOI: 10.7176/EJBM/17-4-12

Publication date: May 30^th 2025