Current trends, assessment and directions of digital economy development

Keywords: digital economy, development, ratings, assessment, Republic of Belarus, investments, innovations, Internet, export, forecast, prospects

Abstract

The objective is to measure the level of the digital economy development in various countries, including the Republic of Belarus, the degree of their digital transformation and development of upcoming trends to improve efficiency of sector organizations activity information and communication technologies. At the present stage, the digital transformation of various countries is a global trend which enters all spheres of society. Digital technologies develop actively in the USA, China, South Korea, Japan and European countries. Each country develops and implements strategies and policies in the field of mobile communications and artificial intelligence in order to obtain competitive strategic advantages. Under these conditions, it is especially relevant and in demand to assess and create conditions for accelerating the pace of digitalization of national economies of various countries. The ICT sector of the Republic of Belarus plays a significant role in the introduction of modern technologies such as cloud computing, big data, the Internet of Things, digital manufacturing, mobility, and cybersecurity. In the long view, the sustainable development of the domestic ICT sector is one of the main factors affecting the economic growth of the country as a whole. It allows to conduct a comprehensive trend analysis on the selected estimated indicators, taking into account external and internal factors, which expands the possibilities of monitoring, evaluating and forecasting the development of the digital economy of various countries in a competitive environment. The originality lies in elaborating methodological foundations for the formation and assessment of the digital economy of various countries and in establishing upcoming trends for its development in modern conditions.

Author Biographies

Bartosz Mickiewicz, West Pomeranian University of Technology

Doctor of Economics, Professor

Katsiaryna Volkava, Belarusian State University of Food and Chemical Technologies

Ph.D. in Economics, Associate Professor

References

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Published
2022-06-28
How to Cite
Mickiewicz, B., & Volkava, K. (2022). Current trends, assessment and directions of digital economy development. VUZF Review, 7(2), 78-87. https://doi.org/10.38188/2534-9228.22.2.08
Section
Articles