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Nowadays, people might show their “plastic” debit cards or their credit cards or even their smart phones. The examples of people showing bank notes, coins, debit, or credit cards and even their smart phones, were just illustrations of this first function (see note 2). Diem ecosystem architecture. Money has become digitalized.
Economic development now hinges significantly on digitalization and the digital economy, while early mover hightech companies can develop and use advanced technologies to gain strategic advantages over competitors, potentially for years to come. Extension services in a Digital Communications Ecosystem (adapted from Singh, 2006).
For instance, Intel’s mega chip facility in Ohio is set to employ 3,000 workers, create 7,000 construction jobs, and trigger a cascade of employment opportunities across the supporting ecosystem. The CHIPS Act is set to support the US semiconductor industry with $280 billion in government assistance and public subsidies. The China Question.
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