Manage episode 319825708 series 1001594
EU and Asia in the Digitalized World Day 2
2021 edition of the Nordic-Asian Forum for International Economic Law “EU and Asia in the Digitalized World”
The pace of development of digital technologies in recent years has been exponential at a global scale. Concepts such as job automation, digital services and goods, tech start-ups and other forms of technological entrepreneurship have taken cross-border trade and capital movements by the storm. While digitalization changes the ways in which international trade and commerce is conducted, it also redesigns corporate structuring, creates new markets and transforms obligations, responsibilities, dispute settlement mechanisms and the way such disputes arise. The COVID-19 pandemic, and the accompanying turn to online services and technologies, has further augmented many of these processes. It is important for lawyers and professionals dealing with international economic law conundrums to understand the context and extent of digitalization in economic law.