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Fortune
Fortune
Soumitra Dutta

A new global study shows the real reason the West is still one step ahead of Asia when it comes to the digital economy–and it’s not technological prowess

(Credit: Taro Hama - Getty Images)

Few can question Asia’s commitment to digitalization. Leading technology nations in East Asia, including Japan, South Korea, and China have consistently produced great technology companies. Korea’s Samsung continues to lead the world in mobile technologies and Japan’s Sony has emerged as a global leader in gaming. China has produced a host of leaders in the digital economy including Tencent, Xiaomi, and Alibaba to name a few. More recently, India emerged as a leader in digitalization on the back of the India Stack–a unique national public digital infrastructure that facilitates the democratization of digitalization through an open model of private partnerships. The India Stack was highlighted by Prime Minister Modi during the recently concluded G20 Summit in New Delhi as a unique contribution of the country to the world.

However, despite a widespread commitment from many economies in the East to a more digitally intensive future, they fall short of their Western counterparts.

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