ABSTRACT
Digital business is of recent origin. It involves business models that use digital technologies for products ranging from physical products to purely digital to smart machines. The confluence of global business and digital business, a shift long in the making, is now well underway. In addition to blurring the distinctions between physical business and digital business, global meets digital is happening across multiple geographies in multiple contexts. One such context is the blurring of boundaries between the old economy and the new economy to create what people might call a connected economy. The global–digital economy consists of consumers, firms, markets, nations, governments, and other actors that are more connected to each other than at any time in previous eras. While the Industrial Revolutions and the digital economy continue to bestow great benefits upon advanced countries, many developing countries that had previously been left out of the bounty have also lately been experiencing dramatic increase in growth and prosperity.
