BlackRock CEO Larry Fink recently pointed out that the United States has lagged behind countries such as India and Brazil in digital economic development. Fink said,India and Brazil have made rapid progress in building payment systems and digital infrastructure and have now surpassed the current level of the United States.
He emphasized that the United States urgently needs to strengthen collaboration between the public sector and private enterprises and increase technology investment to cope with increasingly fierce global competition.In his view, the lack of digital identity authentication and real-time payment systems is the main shortcoming currently facing the United States.
Fink further analyzed that,The continued slowdown in the U.S. economy is not surprising due to its reliance on some traditional industries and its delayed response to the digital revolution.
With the rapid adjustment of the global economic structure, some regions and industries have failed to adapt to the new technological environment in a timely manner, resulting in insufficient growth momentum.
Although the United States has long been a leader in innovation, it is now gradually being overtaken by other countries in the digital economy. This shift has brought about large-scale employment impacts and increased income inequality, leaving many communities facing severe economic pressure.
In this regard, many experts have called on policymakers to pay more attention to digital transformation to effectively reverse the current economic trend.
