TITLE:
The Impact of Digital Finance on the Resilience of Open City Economic Development
AUTHORS:
Wenxi Yao
KEYWORDS:
Keywords Digital Finance, Open City, Economic Innovation, Strategy
JOURNAL NAME:
Journal of Service Science and Management,
Vol.16 No.5,
October
24,
2023
ABSTRACT: With the acceleration of digitization, digital finance has become a vital
force in driving global economic development. Against this backdrop, this study
explores the impact of digital finance on the resilience of open city economic
development. The study finds that digital finance, by providing more convenient
and efficient financial services, promotes economic innovation, advances the
optimization of the economic structure, and enhances the resilience of urban
economies against risks and recovery capacity. Meanwhile, digital finance also
plays a positive role in promoting social inclusiveness, reducing poverty, and
improving the quality of life. These findings have significant research
implications for understanding how digital finance influences the resilience of
urban economies.