Towards digital globalization and the covid-19 challenge

Digital globalization is a new form of globalization. It brings about relevant changes regarding how business is done across borders, the flow of economic benefits and broadening participation. The growing of data and information related to digital globalization determines that global economic, financial and social connections increase through digital platforms. Covid-19 is causing a shock to the global economy that is proving both faster and more severe than the 2008 global financial crisis. If the current crisis is pushing towards deglobalization, at the same time, Covid-19 represents a challenge for digital globalization and the digital transformation of economies. This contribution examines the process towards digital globalization that is the characterizing the world economy, its impact on businesses, consumers and governments. It also discusses the challenge that the crisis caused by the coronavirus pandemic is posing to the globalization and the digital transformation of the economies.