The Digital Transformation and Emerging Technologies as a Tool for Sustainable Economic Development and Youth Empowerment

Abstract

This paper examines how digital transformation, which includes AI, data analytics, and automation, can be used to promote sustainable economic growth and resolve youth unemployment in emerging markets. It aims to determine how innovation ecosystems and policies enable youth by equipping them with skills and creating employment. A mixed-method research design was used. The quantitative data were collected using structured questionnaires among youth entrepreneurs and tech experts, whereas qualitative information was collected through key informant interviews with policymakers and managers of the innovation hubs. Statistical and thematic analysis of data was done. According to the findings, digital efforts have a significant positive effect on youth participation in economic activities, and especially on digital entrepreneurship. Nevertheless, the study notes that access and quality of digital infrastructure are the most defining factors towards realising sustainable economic outcomes. The study is confined to the emerging economies where the infrastructure disparities could be higher than in the developed areas. It means that digital innovation does not exist as a single solution, but rather as a three-part co-operation between the research, technology, and policy. Policymakers should focus on the development of infrastructure and research-based innovation hubs. Governments can provide economic sustainability and substantive youth empowerment in the long-term by matching new technologies with favourable ecosystems.