International experience of institutional support for the development of the digital economy and countering the threats of technoglobalism in the conditions of innovative competition

Резнікова, Наталія Володимирівна and Карп, Вікторія Сергіївна and Іващенко, Оксана Андріївна (2023) International experience of institutional support for the development of the digital economy and countering the threats of technoglobalism in the conditions of innovative competition Інвестиції: практика та досвід (17). pp. 5-12. ISSN 2306-6814

Text N_Reznikova_V_Karp_O_Ivashchenko_Inv_17_2023_FEU.pdf - Published Version Download (1MB)

Abstract

The purpose of the article is to analyze the international experience of institutional regulation of the processes of digital transformation of the economy and countering the dominance of large technology companies that resort to distorting markets and competition due to their dominant position on digital platforms. In the context of techno-globalism, the main factor in economic development and ensuring the international competitiveness of companies and states is the ability of manufacturers to develop and implement new technologies, which depends on the amount of funding raised in the scientific and technical sphere. An analysis of international experience in the institutional regulation of the processes of digital transformation of the economy made it possible to identify strategic documents that determine the environment for the implementation of relevant digital initiatives and the mechanisms for their implementation at mega- (in particular, the global initiatives of the UNDP, OECD), meta- (digital development strategies within the framework of integration associations), macro- (among other things, national strategies for the development of digital eco-systems, innovations, technologies, ICT) and meso levels (strategies for the implementation of digital business models and platformization of production processes at the company level), which is dictated by the awareness of the risks of digital competition and global technological and innovative rivalry . It was revealed that the mission of a digital transformation strategy depends on the scale of its goals: less digitally mature companies, as a rule, focus on the implementation of certain digital technologies, while digital strategies in mature companies are developed with an eye to business transformation. In particular, at the meso level, strategies for the development of SMACIT technologies (social, mobile, analytical, cloud and Internet of things technologies) and other digital technologies are distinguished, opening up the possibility of combining existing company competencies with new digital opportunities, which involves revising existing strategies and business practices. Companies embracing digital solution strategies can end up as service companies that change business models from selling a product to delivering current services. The identification of the components of the ecosystem of the digital economy made it possible to determine the space for the implementation of initiatives in the field of state regulation of the processes of digital transformation of the economy. It is noted that awareness of the complexity of the processes of transformation of the economy in the direction of its digitization and digitalization will contribute to the timely development of digital infrastructure and digital platforms, which will ensure dynamic passage through the transformation zone into the zone of acquiring digital comparative advantages. It has been established that a typical strategy for the digital transformation of the economy should contain a description of: ecosystems of regulation, ecosystems of financial support to promote the digital transformation of the economy, RDI support ecosystems, ecosystems for the development of digital knowledge, skills and competencies.

Item Type:	Article
Uncontrolled Keywords:	technological and innovative rivalry; international competition; leadership; technoglobalism; Big Techs; digital economy; digital market; digital ecosystem; transformation; digitalization; institutional mechanism; economic development; business environment; technology and innovation; e-business
Subjects:	Це архівна тематика Київського університету імені Бориса Грінченка > Статті у журналах > Фахові (входять до переліку фахових, затверджений МОН)
Divisions:	Це архівні підрозділи Київського університету імені Бориса Грінченка > Факультет економіки та управління > Кафедра міжнародної економіки
Depositing User:	Доцент Оксана Андріївна Іващенко
Date Deposited:	18 Sep 2023 10:33
Last Modified:	18 Sep 2023 10:33
URI:	https://elibrary.kubg.edu.ua/id/eprint/45970

Actions (login required)

View Item