digital economy

Introduction. This study aims to analyze the essence of “digital economy” definition, study the main trends in its development and identification of the specifics of its formation in Russia, as well as the definition of the digital economy developing objectives in our country in the medium term. Theoretical analysis. Today digital economy has become an integral part of the socio-economic development. Thus, the analysis of digitalization trends, the assessment of its role in society, the impact of digital modernization on economic growth and life quality indicators are the most important research objectives. The article analyzes approaches to defining the concept of digital economy as a socio-economic phenomenon, on the basis of which the author’s approach to the interpretation of the economic category of “digital economy” is proposed. The global trends of digital economy development and the features of its formation in Russia are considered. Empirical analysis. Based on the main world digital economy ratings’ analysis, this study confirms both the achievements and the problematic aspects of its formation in Russia. It is noted that today, on a global scale, digital modernization is moving to the stage of building a digital society as a new global system and an additional impact to this process is given by the economy crisis connected with spreading of the new coronavirus infection. Among the main problems of digital modernization in Russia are the lag in the digital infrastructure development, the digital divide between regions and the consumption digitalization to the detriment of the digital industries development and creating of high added value into the digital industry. At the same time, the positive trends are the domestic business interest in digital transformations and the world class level of public services sector digitalization. Results. Based on the analysis, the article’s authors see the accelerated development of digital infrastructure, large-scale digitalization of industry and basic life spheres, as well as the digital literacy development and the education system modernization, as main objectives on the way to the digital economy development in our country.

Introduction. The structure of the capital market can be classified according to several parameters: time, institutional, organizational, etc. The article examines the functional structure of the capital market. Theoretical analysis. Various types of changes in the functional structure of the capital market due to the digitalization of the economy – human, monetary, currency, stock, credit and investment – are analyzed. Particular attention is paid to changes in the structure of human capital associated with the replacement of traditional economic activities (primarily based on the exploitation of natural resources) by technologically more advanced types. First of all, changes in the structure of monetary capital are the introduction of various electronic payment systems and non-state monetary systems based on cryptocurrencies. Shifts in the capital structure in the foreign exchange and stock markets are manifested in the transfer of major transactions into the virtual sphere. Changing the structure of credit markets in the context of digitalization has both positive (growth of lending) and negative sides (increase in overdue debt). Results. A conclusion is made about the contradictory impact of the capital market structure changes on economic dynamics in the conditions of digitalization.

Introduction. The article is devoted to the disclosure of the essence of the industry’s digital transformation, which, according to the authors, is the key to building an economy of knowledge and obtaining measurable economic results by introducing cross-cutting technologies. Theoretical analysis. The fundamental factors influencing the increase of Russia’s global competitiveness in the context of its technological breakthrough are highlighted. The main modern trends are the huge amount of information that companies have to deal with, the rapid change of business models, the emergence of innovative management tools. The problems of industrial economic systems’ digitalization are analyzed, for the solution of which the adaptation of companies to new realities is required. It is digital transformation that can take the company to a new level of development and business efficiency. The article substantiates that the digital transformation of production and the legacy industries connected with it is a priority for all industrialized countries that have created their competitive advan It is proved that the digital transformation of production should be aimed at improving the efficiency, productivity and competitiveness of domestic industry in the world arena. Currently, this sector of the economy is undergoing major changes caused by the introduction of intelligent systems that promote the convergence of the physical and digital worlds. These extensive technological changes should be accompanied by the development of fundamentally new business processes at all levels of management.