scholarly journals Revisiting Indonesia’s Economic Diplomacy in the Age of Disruption: Towards Digital Economy and Innovation Diplomacy

2020 ◽  
Vol 8 (1) ◽  
pp. 15
Author(s):  
Defbry Margiansyah
Keyword(s):  
Foreign Policy ◽  
Digital Technologies ◽  
New Economy ◽  
Digital Economy ◽  
Economic Activities ◽  
Economic Diplomacy ◽  
Essential Variable ◽  
Development Agenda ◽  
Digital Disruption ◽  
Innovation Diplomacy

With the rise of digital technologies and innovation disrupting the economy, the global phenomenon challenged the current concept and strategies of “conventional” economic diplomacy that have increasingly gained importance in contemporary foreign policy, including Indonesia. In the meantime, the digital economy had been significantly growing as a potential driver of growth and an inclusive economy which becomes central in the Indonesian development agenda. A new or innovation-based economy such as the digital economy did not only become one of the priorities in national policies but also emerge to be an essential variable to the foreign policy of Indonesia amid diplomatic deficit. This research examines Indonesia’s economic diplomacy in optimizing the potential of digital and new economic activities in facing the challenges of digital disruption. By employing integrative diplomacy concept, this research argues that Indonesia’s government should pursue intermestic, comprehensive and integrative strategies in its economic diplomacy by integrating new economy through the construction of “innovation diplomacy.” This research finds that the existing economic diplomacy is strongly directed to “conventional” commercial diplomacy, while it gives insufficient space for a new economy to develop significantly, due to the absence of concept supporting the operation of innovation-focused economic diplomacy. Consequently, it is suggested that Jakarta urgently has to reconceptualize its economic diplomacy more strategically in order to achieve “diplomatic sophistication,” by way of constructing “innovation diplomacy” as a subset of economic diplomacy.

PROBLEMS AND PRIORITY AREAS FOR APPLYING DIGITAL TECHNOLOGIES IN RUSSIAN AGRICULTURE

2020 ◽  
Vol 10 (7) ◽  
pp. 1390-1398
Author(s):  
M A. Bryzgalina ◽  
Keyword(s):  
Mobile Communications ◽  
Business Processes ◽  
Agricultural Sector ◽  
Digital Technologies ◽  
Digital Economy ◽  
Economic Activities ◽  
Agricultural Enterprises ◽  
Livestock Breeding ◽  
Rational Version ◽  
Definition Of

This paper discusses the implementation of digital technologies in the production sector and business processes of agricultural enterprises in Russia. Implementation of digitalization into the economic entities’ business activity is necessary in order not only to increase the speed of their functioning several times, but also to open up new, broader opportunities for their development in the future. Currently, in the Russian Federation, the main leaders in the development of digital technologies are, first of all, IT companies, as well as organizations operating in the field of media, finance and insurance. The level of digitalization in the real sector of the economy is significantly lower, while the agricultural sector is in last place for this indicator. This article reflects the prerequisites for the development of the digital economy in the world, which include the automation of production technologies and business processes, as well as penetration into the social sphere of the countries of the global Internet and mobile communications. The author considered a number of interpretations of the concept of “digital economy”, of which, in her opinion, the most rational version of the definition of the term under consideration was selected. Within the framework of the study, the prerequisites for the effective implementation of innovative technologies in the economic and social spheres of enterprises’ activities were determined, and the main factors and conditions for the developing digital system of a particular country were established. In the presented work, the author identified a number of modern key problems that significantly impede the introduction of digital technologies in the production and economic activities of economic entities of Russia, especially in the field of agriculture. At the same time, quite popular and widespread advanced technologies are indicated, which are currently being successfully implemented in promising agricultural organizations of the country. With regard to the branches of agriculture in Russia, namely crop and livestock breeding, the most expedient areas for the introduction of advanced digital technologies into the business processes of agricultural enterprises are presented.

The Digital Economy оf Russia: Current State аnd Prospects оf Development

2017 ◽  
Vol 33 (4) ◽  
pp. 32-38 ◽  
Author(s):  
M. A. Izmailova
Keyword(s):  
Economic Growth ◽  
Digital Technologies ◽  
Digital Economy ◽  
Current Status ◽  
Economic Activities ◽  
Digital Revolution ◽  
Russian Economy ◽  
Current State ◽  
The World

The article analyzes the current status of the digital economy of Russia in comparison with the world leaders in digital revolution. Describes the main sources of economic growth of the Russian economy on the basis of digitalization. The role and prospects of use of digital technologies in various spheres of socio-economic activities.

Digital Economy

2022 ◽  
pp. 204-215
Author(s):  
Bilyaminu Auwal Romo
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Blockchain Technology ◽  
The Status ◽  
Core Components ◽  
Digital Commerce ◽  
New Form ◽  
Digital Disruption ◽  
Old Economy

Digital technology-enabled business processes are integrated into the digital economy. Such technologies also enable the internet to conduct digital commerce in a trustless network and decentralized environment. This chapter also draws attention to the new form of economy, which focuses on the development and functions of the digital economy as a new growth engine for Society 5.0 and sheds light on emerging technologies and how the disruptive element of blockchain technology challenges the status quo of the old economy and the underpinning digital disruption imposed by decentralize platformisation. The core components of the digital economy, including digital technologies that serve as the new engine of growth for Society 5.0, were identified. The chapter concluded by highlighting the implications of digital technologies, and how standardisation, upgrading curriculum, legislative frameworks, and policies remedy the impediment of growing the digital economy for Society 5.0.

scholarly journals “WORLD EXPERIENCE OF DEVELOPMENT TRENDS OF DIGITAL ECONOMY”

2021 ◽  
Vol 58 (1) ◽  
pp. 5546-5550
Author(s):  
Shermukhamedov Abbos Et al.
Keyword(s):  
Marginal Cost ◽  
New Economy ◽  
Digital Economy ◽  
The Internet ◽  
Economic Activities ◽  
The West ◽  
Development Trends ◽  
Computing Technologies ◽  
Search For Information ◽  
Global Platform

The Digital Economy also referred as the New Economy. It refers to an Economy in which digital computing technologies are used in Economic Activities. The term 'Digital Economy' was first mentioned in Japan by a Japanese professor and research economist in the midst of Japan's recession of the 1990s. In the west the term followed and was coined in Don Tapscott's 1995 book, The Digital Economy: Promise and Peril in the Age of Networked Intelligence.[2] This was among the first books to consider how the Internet would change the way we did business.[3] In this new economy, digital networking and communication infrastructures provide a global platform over which people and organizations devise strategies, interact, communicate, collaborate and search for information. More recently,[7] Digital Economy has been defined as the branch of economics studying zero marginal cost intangible goods over the Net.

scholarly journals Factors and conditions for the development of the digital economy in Russia

2021 ◽  
Vol 244 ◽  
pp. 10025
Author(s):  
Elvira Karieva ◽  
Liliya Akhmetshina ◽  
Olga Fokina
Keyword(s):  
Technology Development ◽  
Digital Technologies ◽  
Digital Economy ◽  
Economic Activities ◽  
Social Sphere ◽  
Innovation Activities ◽  
Russian Economy ◽  
Information And Communication ◽  
Modern Economic ◽  
High Level

The use of digital technologies in order to increase the efficiency of production processes, distribution and consumption of the results of economic activities, and their participation in the creation of fundamental innovative developments that allow reaching a high level of application of knowledge in the field of science and technological progress, is one of the modern economic models. The purpose of the study is to assess the factors that ensure the formation of the digital economy in Russia and develop proposals aimed at accelerating the introduction of digital technologies into the economy and social sphere. Among the factors determining the formation of the digital economy in Russia, it is necessary to highlight the following: the level of digital competency skills, the effectiveness of R&D and innovation activities, the level of development of information and communication infrastructure. As a result of the study, conclusions were drawn about the presence of the necessary prerequisites for accelerating the pace of digitalization of the Russian economy. An obstacle on this path is the lack of coordinated actions on the part of the state, business and the scientific community, the low readiness of the regulatory framework for high rates of technology development and the spread of digital solutions. In order to test the effectiveness of new developments, it seems reasonable to use digital “regulatory sandboxes”.

scholarly journals SOME THEORETICAL ASPECTS OF DEFINING THE DIGITAL ECONOMY

2020 ◽  
pp. 129-134
Author(s):  
M. Stashevskaya
Keyword(s):  
Technological Progress ◽  
Digital Technologies ◽  
Digital Economy ◽  
Economic Activities ◽  
Economic Mechanism

The article is devoted to the study of the content of the digital economy, as a result of which it was established that as the basis of such an economy, it is necessary to consider an economic mechanism in which interaction is based on digital technologies. Such technologies operate using a variety of data, the volume of which inevitably increases with technological progress. Considerable diversity is also observed in the types of economic activities where such data and information are applied.

Implementaon of digital economy elements in electric power industry

2018 ◽  
Vol 11 (2) ◽  
pp. 94-102 ◽  
Author(s):  
A. G. Filimonov ◽  
N. D. Chichirova ◽  
A. A. Chichirov ◽  
A. A. Filimonovа
Keyword(s):  
Electric Power ◽  
Energy Production ◽  
Predictive Analytics ◽  
Digital Economy ◽  
Digital Transformation ◽  
Cloud Services ◽  
Small Scale ◽  
Economic Activities ◽  
Industrial Enterprises ◽  
Automation Systems

Energy generation, along with other sectors of Russia’s economy, is on the cusp of the era of digital transformation. Modern IT solutions ensure the transition of industrial enterprises from automation and computerization, which used to be the targets of the second half of the last century, to digital enterprise concept 4.0. The international record of technological and structural solutions in digitization may be used in Russia’s energy sector to the full extent. Specifics of implementation of such systems in different countries are only determined by the level of economic development of each particular state and the attitude of public authorities as related to the necessity of creating conditions for implementation of the same. It is shown that a strong legislative framework is created in Russia for transition to the digital economy, with research and applied developments available that are up to the international level. The following digital economy elements may be used today at enterprises for production of electrical and thermal energy: — dealing with large amounts of data (including operations exercised via cloud services and distributed data bases); — development of small scale distributed generation and its dispatching; — implementation of smart elements in both electric power and heat supply networks; — development of production process automation systems, remote monitoring and predictive analytics; 3D-modeling of parts and elements; real time mathematic simulation with feedback in the form of control actions; — creating centres for analytical processing of statistic data and accounting in financial and economic activities with business analytics functions, with expansion of communication networks and computing capacities. Examples are presented for implementation of smart systems in energy production and distribution. It is stated in the paper that state-of art information technologies are currently being implemented in Russia, new unique digital transformation projects are being launched in major energy companies. Yet, what is required is large-scale and thorough digitization and controllable energy production system as a multi-factor business process will provide the optimum combination of efficient economic activities, reliability and safety of power supply.

Technical fitting-out of agriculture in terms of digitalization: A theoretical background

2020 ◽  
Vol 18 (12) ◽  
pp. 2391-2405
Author(s):  
A.K. Subaeva ◽  
G.S. Klychova ◽  
L.M. Mavlieva
Keyword(s):  
Production Process ◽  
Digital Technologies ◽  
Theoretical Background ◽  
Digital Economy ◽  
Energy Resources ◽  
High Quality ◽  
Study Methods ◽  
Technological Infrastructure ◽  
Agricultural Enterprises ◽  
Technological Processes

Subject. This article discusses the issues related to the technological infrastructure of agriculture, improving the efficiency of energy resources, minimizing labor and material costs, and ensuring the continuity of the production process. Objectives. The article aims to study methods to improve the technological infrastructure of agricultural enterprises in the digital economy terms. Methods. For the study, we used the methods of comparison and classification. Results. The article describes patterns of development of technological processes in agriculture in the digital economy. Conclusions. The technical fitting-out of agriculture in the digital economy should be considered as a set of measures to prepare the industry for the production of high-quality products, which implies the use of digital technologies that minimize human participation in the production process.

DEVELOPMENT OF DIGITAL ECONOMY IN UZBEKISTAN - AT THE LEVEL OF STATE POLICY

2020 ◽  
Vol 3 (3) ◽  
pp. 5-13
Author(s):  
Mavluda Yaxhisyeva ◽  
◽  
Ravshan Yusupov ◽  
Rasul Xamidov
Keyword(s):  
Economic Development ◽  
State Policy ◽  
Digital Technologies ◽  
Digital Economy ◽  
Effective Use

This article highlights the digital economy and its features, its main systems, the effective use of digital technologies in economic development, and analyzes relevant aspects of training in this area

Sign in / Sign up

Export Citation Format

Share Document