Chinese sustainable framework in the digitalized global communities

The Chinese economy has performed high growth rate of economy in a period of enlargement of global economies. However, the prosperity of Chinese economy depends on the sustainability of the global economies. In the 2010s, the innovation of ICT has brought about structural changes of economies and so...

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Bibliographic Details
Published in:International Journal of Economic Policy Studies 2020-08, Vol.14 (2), p.327-336
Main Author: Tanaka, Hiroshige
Format: Article
Language:English
Subjects:
Communication
Communications technology
Community
Cooperation
Decentralization
GDP
Gross Domestic Product
Growth rate
Industrial Revolution
Information technology
Innovations
Markets
Regions
Social responsibility
Society
Sustainability
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Summary:The Chinese economy has performed high growth rate of economy in a period of enlargement of global economies. However, the prosperity of Chinese economy depends on the sustainability of the global economies. In the 2010s, the innovation of ICT has brought about structural changes of economies and societies in a large scale. The development of ICT can afford to proceed efficiently large amounts of information in a short time. Internet services such as SNS develop many profitable businesses by utilizing information of users. China aims to continue growth of economy by strategical introduction of digital industrial revolution. This paper discusses that this digital revolution requires evolution of Chinese society as well as economy. Since digital revolution of industries diversifies the connection between markets and individuals, monopolized utilization of information and knowledge will detour efforts to achieve the goal of sustainability. As the relative influence of governments on markets decreases, voluntary contributions of the stakeholders become main forces for the regional vitalization. Residents participation is necessary to revitalize regional communities.
ISSN:2524-4892
1881-4387
DOI:10.1007/s42495-020-00039-w