Page 87 - RUICHSS 2023 Proceeding

University of Ruhuna ISSN: 2706-0063
Matara, Sri Lanka

The purpose of this conceptual paper is to assess the current research on
digitalisation and poverty eradication; digitalisation initiatives; and

digitalisation areas. Further, the research aims to identify the most significant

research gaps in the field and to provide future research directions.

2. Review of Literature

Digitalisation

Digitalisation facilitates the eradication of poverty in underdeveloped
countries. It emphasises the significance of a digital economy. The digital

economy is a socio-political condition and economic system with intellectual

space characteristics. Technology is associated with the expansion of the
digital economy, which is capable of fostering economic expansion and

enhancing competitiveness (Dharmayanti et al., 2022). The digital economy
facilitates and enables knowledge management and has a bidirectional

relationship with economic development. By encouraging micro, small, and
medium-sized businesses (MSMEs), it can enhance economic growth,

innovation, and competitiveness. ICT (information and communication

technology) is an effective tool for promoting economic growth in
underdeveloped regions. Information technology (IT) uses computers,
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