The Political Economy of GovTech

Download or read book The Political Economy of GovTech written by Arthur Silve and published by International Monetary Fund. This book was released on 2023-07-21 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The digitalization of public services, known as GovTech, can disrupt traditional mechanisms to promote economic development (for example, financial inclusion, education, and health care), improve the delivery of public services, and expedite development objectives. For GovTech to be successful in enhancing the public sector's efficiency, transparency, and inclusiveness, its design and implementation require that private interests be aligned with the overarching goal of a “citizen-oriented” digitalization. Because the interests of the state and private providers are often antagonistic, the social dividends from GovTech remain contingent on implementing the appropriate market structure through adequate property rights and regulatory oversight.