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The term digital economy came into use during the early 1990s. For example, many academic papers were published by New York University’s Center for Digital Economy Research. The term was the title of Don Tapscott's 1995 book, The Digital Economy: Promise and Peril in the Age of Networked Intelligence.
Digital transformation plays a crucial role in alleviating the adverse effects of simultaneous and interconnected challenges, while also strengthening the resilience and adaptability of both organizations and supply chains. Represented by the TOP framework, digital transformation acts as a catalyst for generating and leveraging benefits.
Grainger has discussed that environmental globalization in the context of international agreements on pro-environmental initiatives. According to him, precursors to modern environmental globalization can be found in the colonial era scientific forestry (research into how to create and restore forests). [8]