Recent trends in E-commerce and the digital economy

The digital economy covers a wide range of economic activities. It includes digital and Information and Communications Technology (ICT) sectors such as digital platforms, mobile application and payment services. Rapid expansion of the digital economy before the COVID-19 pandemic was due to the rising Internet connectivity and access to ICT goods and services (UNCTAD, 2017a). According to the International Telecommunication Union (ITU), global Internet traffic was 66 times higher in 2019 than in 2005, and the number of Internet users had more than doubled from 2010 to 2019 (ITU, 2020).

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