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Asia-Pacific economies play a central role in the evolving digital economy, as producers as well as consumers.
At the same time, many Asian and Pacific Island States remained relatively unprepared for the new digital era. In its
Information Economy Report 2017: Digitalization, Trade and Development, released recently, UNCTAD calls for concerted effort to ensure that no-one is left behind as a result of digitalization.
Underlining the region’s important place in the digital economy is the fact that 42 of the 135 largest digital economy corporations by market capitalization are based in Asia.
“The Asia-Pacific region accounts for about 74 %of world exports of information and communications technology (ICT) goods, led by China, which exported such products to a value of more than US$600 billion in 2015”, says Shamika Sirimanne, Director of the Division on Technology and Logistics at UNCTAD.