Impact of Digital Technology on Digital Trade

Abstract

Companies of all sizes, but especially those in the SME sector, will play a pivotal role as they become fully embedded in global digital networks. As such, nations must devise effective means of controlling the international exchange of digital products and services. As the international economy becomes more interconnected and digital technology continues to advance, the trade in digital services grows at a fast pace, attracting the attention of governments throughout the globe. Employing a double fixed effect model and panel data from 40 countries and regions between 2014 and 2020, this investigation examined empirically the mediating variable impact of the digital technology and regulation limitations on digital trade in goods and services, as well as the mediating effect of regulation constraints on the connection between digital service trade and the additional two. Development of an efficient international regulatory structure for international trade in the context of digitization is also crucial. Instedof focusing on regulating market access regulations, this paper study about how-to protecting firms' investments and developing an efficient framework for resolving trade and investment conflicts. The primary goal of this study is to learn about the global impact of digital technology. Numerous jobs and operations in today's world, including those related to learning, commerce, administration, management, and so on, need the use of digital media. The primary aim of digital technologies is to facilitate teamwork among people so that shared goals and objectives can be accomplished, productivity can be increased, morale can be maintained, and human resources can be further developed.