The Digital Economy Growth and Prospect in Indonesia During the Covid-19 Pandemic

DOI

10.2991/aebmr.k.211207.012How to use a DOI?

Keywords

Covid-19; Digital Economy; Growth; Prospect

Abstract

The COVID-19 pandemic hit the economic growth in all of the countries, including Indonesia. The Indonesian economy fell to minus 5 percent in 2020. Many countries try to develop a digital economy by transforming into digital e-commerce to boost economic growth gradually. Therefore, there should be some prospects of digital economy growth during the COVID-19 pandemic. This paper aims to describe the digital economy growth and the prospect in Indonesia during the COVID-19 pandemic. This paper is a narrative literature review. Databases were taken from Science Direct and Google Scholar. Inclusion criteria were research and literature review. Exclusion criteria were un-peer reviewed articles and unavailable full-text articles. The articles were read twice to reduce the possibility of bias. Articles were published from 2016 onwards. The literature review result revealed that the development of the digital economy has been increased during the COVID-19 pandemic. This is due to the Covid-19 pandemic control policy through the Large-Scale Social Restrictions Policy (Pembatasan Sosial Berskala Besar/PSBB). Therefore, people buy some food, fashion, or household equipment through digital e-commerce. Furthermore, another policy, namely the Policy for Enforcement of Restrictions on Community Activities (Pemberlakuan Pembatasan Kegiatan Masyarakat/PPKM) was implemented from February until September in some areas. Policies are taken to help the digital transformation for some industries. There are some steps for increasing the digital economy growth such as encouraging entrepreneurship, developing international collaboration for the digital economy, and increasing high-speed internet connectivity. Indonesia is one of the countries that has active mobile internet users. This condition can boost the growth of the digital economy. There is a prediction that the digital economy can grow up to three times in 2025. The essential steps for developing a digital economy include enhancing connectivity, digital skills, digital literacy, privacy, and cybersecurity regulations. The advanced steps are doing transformation and regional collaboration. In conclusion, the digital economy growth and prospect in Indonesia can be achieved by implementing some strategic steps, such as encouraging entrepreneurship, developing international collaboration for the digital economy, and increasing high-speed internet connectivity. The growth of the digital economy can be enhanced due to a large number of active internet users in Indonesia. The prospect of the digital economy is very good in the future. It needs transformation and regional collaboration.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yuliana Yuliana
PY  - 2021
DA  - 2021/12/07
TI  - The Digital Economy Growth and Prospect in Indonesia During the Covid-19 Pandemic
BT  - Proceedings of the Conference Towards ASEAN Chairmanship 2023 (T-A-C 23 2021)
PB  - Atlantis Press
SP  - 81
EP  - 85
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211207.012
DO  - 10.2991/aebmr.k.211207.012
ID  - Yuliana2021
ER  -