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Spurring growth and closing gaps through digitalisation in a post-COVID world: Policies to LIFT all boats

Author

Listed:
  • Mauro Pisu
  • Christina von Rüden
  • Hyunjeong Hwang
  • Giuseppe Nicoletti

Abstract

The full potential of digital technologies remains unrealised and their benefits unequally shared because of insufficient investment in enabling intangible assets and communication networks within and across countries. The COVID-19 shock poses new challenges and opportunities. Drawing on past and ongoing OECD work, the paper proposes a multipronged policy approach to durably accelerate the diffusion and uptake of digital technologies across all layers of society, and share their benefits more widely. The building blocks of the proposed LIFT approach include: Lifelong learning for all to ensure everybody has the opportunity to acquire and upgrade the skills needed to thrive in a digital world; Intangibles finance for the knowledge economy to allow more firms, especially small ones, to increase intangible investment and seize the opportunities offered by the digital transformation; Framework market conditions for the digital age to upgrade policies to the digital age, especially in the areas of taxation, competition law and enforcement, digital security, firms’ entry and exit, and e-government; Technology access via digital infrastructure to facilitate access to communication networks and accelerate the take up of digital technologies and their international diffusion.

Suggested Citation

  • Mauro Pisu & Christina von Rüden & Hyunjeong Hwang & Giuseppe Nicoletti, 2021. "Spurring growth and closing gaps through digitalisation in a post-COVID world: Policies to LIFT all boats," OECD Economic Policy Papers 30, OECD Publishing.
    • Handle: RePEc:oec:ecoaab:30-en
    DOI: 10.1787/b9622a7a-en
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    Cited by:

    1. Mattsson, Pontus & Reshid, Abdulaziz, 2023. "Productivity divergence and the role of digitalisation," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 942-966.

    More about this item

    Keywords

    Compensation; Competition Policy; Education and Inequality; Firm Growth; Firm Performance; Innovation Policy; Skill Biased; SME; Technology Adoption; Technology and Competitiveness; Wages;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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