Digital Transformation Exposes Institutional Resistance, Sparking Scenarios of Stagnation, Simulation, or Collapse
The article explores how digital technologies are changing the economy but not institutions as much. It looks at why institutions resist change and how they can transform in the digital age. The researchers found that institutional change is not just about money but also about keeping the system stable. They identified four scenarios for how institutions can change in the digital economy: staying the same, pretending to change, a mix of progress and resistance, or completely collapsing and going back to a stable solution.