Europe's Other Crisis: A Digital Recession | Bhaskar Chakravorti

Europe's Other Crisis: A Digital Recession | Bhaskar Chakravorti

Featuring fresh takes and real-time analysis from HuffPost's signature lineup of contributors Hot on the Blog Posted: This article is co-authored with Ravi Chaturvedi and first appeared in the Harvard Business Review. You may have heard that Europe is in a state of crisis. This has nothing to do with an influx of refugees, or Greek debt, or even the future of the European Union. The crisis we speak of has even more severe consequences for Europe's global competitiveness. In our research on the state and pace of digital evolution worldwide, we have found that the old continent is in the midst of a "digital recession." Of the 50 countries we studied in our Digital Evolution Index, 23 were European (not counting Turkey). Of these, only three, Switzerland, Ireland, and Estonia,

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