COVID-19 Implications on IsDB Member Countries Sustainable Digital Economies, Prof. Elsadig Musa Ahmed
COVID-19 Implications on IsDB Member Countries Sustainable Digital Economies
Prof. Elsadig Musa Ahmed
Faculty of Business, Multimedia University, 75450, Melaka, Malaysia
Purpose: The study aims to examine the Islamic Development Bank (IsDB) Member Countries (MCs) digital transformation into digital economies via digital technology applications at both the macro and micro level.
Design/Methodology/Approach: A mixed methodology is used. This is based on the modified models and frameworks to be employed by IsDB MCs at both the macro and micro level to utilise the digital technology applications that will help in transforming them into digital economies to sustain their economic development. They will also be used to reduce the negative impact of COVID-19 and future pandemics via facilitating economic activities under uncertainties through using the digital technology applications proposed.
Findings: The study provided digital economy frameworks and policies to help in implementing digital transformation, and to develop and use the new technologies needed for IsDB MCs; sustainable economic growth through technological progress, human capital skills development and environmental protection. The study proposed solutions to transform IsDB MCs public and private sectors into a digital economy to achieve the Sustainable Development Goals’ (SDGs) agenda, and to overcome the negative impact of COVID-19 and future pandemics.
Originality/Value: The study contributes to the body of knowledge via proposed mixed method frameworks and models that examine IsDB MCs digitisation. The IsDB aggregate economies, industries and companies will be provided with frameworks and guidelines to implement digital technology applications that will help them to transform into digital sustainable economies.
Keywords: IsDB MCs, digital economies, COVID-19, SMEs, digital transformation