scholarly journals Managing the Digital Future

2019 ◽  
Vol 12 (3) ◽  
pp. 6-23 ◽  
Author(s):  
A. I. Ageev

In the article, the author considers the problems of economic growth acceleration in the conditions of external environment tightening. Digital transformation sets the vector of structural changes in the Russian and world economy. Currently, the most and least likely elements of digital transformation at the level of the real sector have been identified. Against the background of the ongoing spread of a number of important elements of the digital economy, well-defined threats to cybersecurity are identified and natural intelligence is degraded. It is expected that the structure of employment will undergo major changes. Technological changes provoke fundamental changes in the society, — its appearance in the future can not only be presented in the light of techno-optimism. Scenarios that reanimate very dark futuristic prophecies in the past can become a modern reality. The unfolding digitalization assumes the solution of fundamental issues of development management. Successful co-evolution of social, technical and natural systems requires going beyond the entrenched economic paradigm.

The main focus in the development of socio-economic formations, and in particular industrial production, is shifted to the use of fundamentally new progressive technologies (built on the principles of the active use of environmentally friendly materials, safe ways of disposing of production and human wastes, non-waste production, material and energy efficiency and etc.), modern outputs with new consumer properties. The need to accelerating the processes of digitalization and digital transformation of the economy is proved in order to achieve competitive positions in the emerging digital space of the new world economy. At the theoretical and methodological level, it has been proved that the development and implementation of mechanisms for controlling the technical and technological component of innovation in the context of the digital transformation of socio-economic systems will contribute to increasing the strategic potential of subjects of the real sector of the economy, increasing their adaptive capabilities and strengthening competitive advantages. In the new economic conditions, all domestic economic entities aiming at stable functioning are forced to go through the process of digital transformation, which is understood as the introduction of modern technologies into the business processes of socio-economic systems at all levels. It implies not only the installation of modern equipment or software, but also fundamental changes in approaches to management, corporate culture, and external communications. As a result, the profitability and business activity of the enterprise increase and it gains a reputation as a progressive and modern organization. Digitalization issues for the innovative development of Ukrainian industry are the number one priority. They find a place in specifying the development strategies of the leading sectors of the national economy, especially export-oriented ones. They provide the flow of processes based on digital technologies. More and more digital products are emerging that provide digital, computing, telecommunications, and networking devices. At the same time, the digital economy is increasingly seen as a set of social relations that are formed as a result of the use of electronic technologies, as well as technologies to ensure the analysis of large volumes of information to optimize the processes of forecasting, planning, output and consumption of science intensive and high-tech products, as well as increasing the level of economic development of the country. The systematization of scientific work in the field of studying the factors influencing the innovative activity of an enterprise made it possible to develop the following classification of factors influencing the effectiveness of innovative processes, as well as to justify groups of factors (barriers) that impede the development and implementation of technological innovations in the context of structural changes in the global economy caused by its digitalization. A very important stage in the development of relevant indicators is the formation of the information area on which they are defined. First of all, it is about the content of the initial indicators and their indicators, which are able to assess the effectiveness of the implementation of technical and technological innovations in enterprises of the real sector of the economy, while they should be objective characteristics of the relevant influence factors and can be obtained on the basis of official statistical information. The definition of the integrated performance index for the introduction of technical and technological innovations in enterprises of the real sector of the economy in the context of structural changes in the world economy caused by its digitalization and the corresponding sub-indices in its structure is based on a four-level hierarchical model, i.e., the integrated performance indicator is a vector with the types of sub-indices components on influence factors. The developed hierarchical model allows us to build several types of sub-indices, differentially by hierarchy levels, for a deeper analysis of the current level of effectiveness of the introduction of technical and technological innovations in enterprises of the real sector of the economy in the context of structural changes in the world economy caused by its digitalization. This approach provides an opportunity to accurately determine the main factors (and the degree of their impact) that affect the effectiveness of the introduction of technical and technological innovations in enterprises of the real sector of the economy in the context of structural changes in the world economy caused by its digitalization and justify management decisions in the structure of the corresponding management mechanism. The practical implementation of the methodology for assessing the effectiveness of the innovative economy activating in the context of structural changes in the world economy caused by its digitalization is based on statistical data on the value of the relevant indicators (financial, economic, socio-economic, technical, technological, institutional and legal factors) for a certain period of time. This involves the use of official materials of the State Statistics Service of Ukraine, namely: structural statistics indicators for business entities, indicators of cost, availability and condition of fixed assets of enterprises of Ukraine by type of economic activity, capital investment by type and source of formation, indices of industrial products produced and sold and other technical and economic indicators of industrial enterprises. As the main directions of enhancing and development of technical and technological innovations of enterprises in the real sector of the economy in the context of structural changes in the world economy caused by its digitalization we should consider: effective state support of innovative programs for the development of production enterprises (especially export-oriented), attraction of venture capital , increasing the financial stability of the enterprise, increasing the flexibility of production processes, the use of advanced methods of organizing production, labor and enterprise management.


2019 ◽  
Vol 11 (3) ◽  
pp. 471-488 ◽  
Author(s):  
Liu Shouying

Purpose The purpose of this paper is to analyze the structure and changes of China’s land system. To achieve this aim, the paper is divided into four parts. The first part gives a brief introduction to the structural characteristics of the Chinese land institutional arrangements; the second part analyzes the reform process of the land system in the past 40 years and its path of change; the third part engages the discussion about the historic contribution made by the land institutional change to rapid economic growth and structural changes; and the final part is conclusion and some policy implications. Design/methodology/approach After 40 years of reforms and opening up, China has not only created a growth miracle unparalleled for any major country in human history, but also transformed itself from a rural to an urban society. Behind this great transformation is a systemic reform in land institutions. Rural land institutions went from collectively owned to household responsibility system, thereby protecting farmers’ land rights. This process resulted in long-term sustainable growth in China’s agriculture, a massive rural-urban migration and a historical agricultural transformation. The conversion of agricultural land to non-agricultural uses and the introduction of market mechanisms made land a policy tool in driving high economic growth, industrialization and urbanization. Findings Research shows that the role of land and its relationship with the economy will inevitably change as China’s economy enters a new stage of medium-to-high speed growth. With economic restructuring, low-cost industrial land will be less effective. Urbanization is also shifting from rapid expansion to endogenous growth so that returns on land capitalization will decrease and risks will increase. Therefore, China must abandon land-dependent growth model through deepening land reforms and adapt a new pattern of economic development. Originality/value This paper gives a brief introduction to the structural characteristics of the Chinese land institutional arrangements, analyzes the reform process of the land system in the past 40 years and its path of change, and evaluates the historic contribution made by the land institutional change to rapid economic growth and structural changes.


2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.


In the article, the authors have reviewed distinctive features of the development of economic systems. Specifically, the main distinctive feature, as the authors believe, is the fast reaction to changes in the external environment. Signs of these changes become clear during the period when institutional mechanisms and laws are not yet effective, but transformation processes are already capable of forming prerequisites for the shift towards a new type of the economy based on knowledge. The authors have determined a complex of technologies mastered in the evolutionary sequence of the past three centuries, which leads to new principles of production organization and the beginning of the period of innovative development.


2005 ◽  
pp. 84-96 ◽  
Author(s):  
A. Porokhovsky

The author pays special attention to the USA leading positions in the world economy. The basic significance of traditional industries, first of all manufacturing, in the structure of the American economy and its evolution are underlined. The article analyzes in detail the increasing role of services including finance. Information technologies create new economic structure and new quality of economic growth. A reader learns from the article about sustainable reproduction role of business cycle in the past and present.


2009 ◽  
pp. 31-41 ◽  
Author(s):  
V. Danilov-Danilyan

The paper analyzes changes in the structure of the real sector of world economy that have increased economic instability and made the Keynesian methods inapplicable for suppressing the oscillation amplitude in economic cycle. The abrupt expansion of two segments in the service sector is noted: the debt derivatives market and entertainment industry. The global financial-economic crisis that started in 2008 cannot be attributed to the processes in the financial sphere alone it serves as a manifestation of general civilization crisis. Measures, analogous to the internalization of external effects, are proposed to mitigate the adverse impact of the hypertrophic development of new segments in the service sector on the world economic system and the civilization as a whole.


2013 ◽  
Vol 05 (04) ◽  
pp. 43-52
Author(s):  
John WONG

Recently, China published its Gini coefficients for the past 10 years, which all exceeded the warning level of 0.4. China's inequality level is among the highest 10% of countries in the world. In fact, the sources of China's income inequality stemmed from the sources of China's economic growth. Long-term remedy requires fundamental structural changes like removing institutional biases against equality and providing a more equal access to educational and income-earning opportunities.


2021 ◽  
Vol 2021 (3) ◽  
pp. 59-76
Author(s):  
Inna Shovkun ◽  
◽  

The leading feature of the modern world has been the deep structural shifts caused by radical transformations of its industrial landscape. The corresponding transformations were caused by changes in the internal structure of national industrial sectors and were based on the technologies of the "fourth industrial revolution", whose emergence gave additional impetus to the structural transformation of the world economy, intensifying competition in global markets. The Covid crisis was a catalyst for accelerating changes in the intersectoral proportions of the world economy, complicating the existing structural problems. The study shows that the key feature of the model of structural changes that occurred in Ukraine's economy after the global financial crisis was the accelerated reduction of the industrial sector, especially the loss of potential of the processing industry, its technological simplification and narrowing the variety of industries. This was accompanied by increased dominance of the tertiary sector and the growth of the primary sector. Excessive share in the structure of production is occupied by industries, whose mode of reproduction is able to generate only relatively low rates of economic growth (mining and related industries of primary processing in industry and agriculture). Such a trend of structural shifts is not able to generate the necessary boost of economic growth, and much less so as it is burdened by the risks of deepening structural inconsistency of Ukraine’s economy with the cardinal changes taking place in the world economy. Comparison of parameters and trends of structural changes in Ukraine’s economy and in a comparable group of countries and the world as a whole shows that the changes in the structure of Ukraine’s economy were much higher, but did not create sufficient potential for sustainable economic growth. The author analyzes the gaps in labor productivity between economic activities and sectors of Ukraine’s economy, as well as changes in their dynamics, which leads to the conclusions about the relationship between the rates of technological development of different sectors of Ukraine’s economy and the gradual slowdown of the already imperfect technological development of this country’s industry with further loss of competitiveness. Estimated the degree of influence of such factors as investments and technological innovations, as well as shifts in the structure of employment on the increase of labor productivity in Ukraine’s economy. Using the apparatus of econometric modeling, the author evaluates the dependence of the dynamics of GDP growth on the change of the indices of the physical volume of GVA in the sectors of this country’s economy.


2016 ◽  
Vol 6 (1) ◽  
pp. 72-95
Author(s):  
Nahuel Oddone ◽  
Ramón Padilla-Pérez

Economic and social development requires major structural changes to transform the composition of output, employment and international trade (ECLAC, 2012). Through rising productivity in existing activities and by moving towards more complex and technology-intensive sectors and processes, structural change is expected to lead to higher long-term economic growth, increased export competitiveness and well-paid jobs. In the past two decades, the conceptual framework of value chains has been widely disseminated as a tool to study structural change at the micro-level (Gereffi and Korzeniewicz, 1994; Gereffi et al., 2005; Humphrey and Schmitz, 2012; OCDE, 2013; Padilla-Pérez, 2014; Stumpo and Rivas, 2013).


2018 ◽  
Vol 18 (127) ◽  
Author(s):  
Sonali Jain-Chandra ◽  
Niny Khor ◽  
Rui Mano ◽  
Johanna Schauer ◽  
Philippe Wingender ◽  
...  

China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.


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