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DIGITALIZATION OF THE ECONOMY AS A FACTOR OF SUSTAINABLE STATE DEVELOPMENT AGAINST THE BACKGROUND OF LARGE-SCALE MILITARY AGGRESSION (UKRAINIAN EXPERIENCE).
- Source :
- Financial & Credit Activity: Problems of Theory & Practice; 2022, Vol. 6 Issue 47, p304-315, 12p
- Publication Year :
- 2022
-
Abstract
- Digital technologies are currently one of the main engines of growth and technological development of the global economy. The introduction of digital technologies contributes to the competitiveness of various sectors of the world economy, the creation of new business opportunities in terms of connecting to digital global value chains, the emergence of new markets and niches, and the accelerated introduction of new digital goods into the global market. The digitalization process does not happen simultaneously in different countries of the world, so there is a certain gap in the degree of digitalization of national economies, which gives rise to digital inequality and, as a consequence, increasing the dependence of countries on developed countries. Politics, legal norms, traditions and culture, the level of economic development achieved, the level of education, and the country's own technological base, as well as many other factors, play an important role in the digital transformation of a country's economy. As a result of the digital transformation of the global economic architecture, new contours of the digital economy are emerging, characterized by the exponential growth of data flows. The formation of the digital market space contributes to increasing competitiveness primarily in the industrial sector through the creation of new products and their service system, which leads to the emergence of new market segments. In other words, the digital market, in fact, is a modern mechanism providing a rapid transition from national markets limited by state borders to a single global market. This situation requires a study of the economic aspects of digitalization in the context of sustainable development of our state, which determines the relevance of the chosen research topic. The purpose of the article is to assess the impact of digitalization on the economy through the example of Ukraine and its directions in peacetime and under martial law. Assessment of digitalization and its impact on the economy was carried out on the basis of open data, in particular GDP per capita, indexes of global and digital competitiveness, digital induction, and sustainability index were used. During the study, the following scientific methods were used: analysis and synthesis, the method of establishing cause-effect relationships, and graphical methods. As a result of the study, the main trends in the digitalization of the national economy and its risks were identified, focusing on the shift in emphasis from service to military goals of digital transformation. A conclusion was made about a significant breakthrough in the digital economy in Ukraine and further development regardless of russia's military invasion of Ukraine. The state of Ukraine was analyzed with the help of digitalization indices and the confirmation of the need for further monitoring of the digitalization of the Ukrainian economy and the study of its impact on the rate of economic growth was identified on their basis. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 23064994
- Volume :
- 6
- Issue :
- 47
- Database :
- Complementary Index
- Journal :
- Financial & Credit Activity: Problems of Theory & Practice
- Publication Type :
- Academic Journal
- Accession number :
- 161591850
- Full Text :
- https://doi.org/10.55643/fcaptp.6.47.2022.3938