scholarly journals Digital Economy: Problems and Prospects of Development in Ukraine

2019 ◽  
Vol 8 (3C) ◽  
pp. 226-229 ◽  
Keyword(s):  
Developing Countries ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
World Market ◽  
Digital Economy ◽  
Added Value ◽  
Daunting Task ◽  
The World ◽  
Challenges And Opportunities ◽  
Technical Issues

This paper aims to analyze the challenges and opportunities that are facing developing countries in the process of creating the digital economy. Digital economy is characterized by high added value, faced with numerous obstacles, many developing countries cannot adequately respond to the demands of the digital economy. The digital economy is also referred to as the Internet Economy, New Economy, or Web Economy. The largest players in the world market are digital economy companies – Apple, Google, Microsoft, Amazon and others, which are among the most expensive companies in the world in terms of market capitalization. The Fourth Industrial Revolution is rapidly driving transformational disruption across every sector. An estimated 70% of new value created in the economy over the next decade will be based on digitally enabled platforms. Digital technologies should be a driving force for innovations in the Ukrainian economic system. Digitalization of the economy and life spheres will create new jobs, make Ukrainian business more competitive and less resource oriented, attract new investors. Digital transformation is a daunting task. Countries that have reached the highest level of digital maturity have had to deal with complex cultural, organizational, and technical issues, and only counting of all these factors have made these transformations successful. The widespread use of digital technologies, extensive digital infrastructures are contributing to the economy digitization.

scholarly journals Development trends of the current global economy

2020 ◽  
pp. 23-26
Author(s):  
Viktoriia DERHACHOVA ◽  
Viktoriia HOLIUK ◽  
Oleksandr ZGHUROVSKYI
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Global Economy ◽  
Industrial Revolution ◽  
Developed Countries ◽  
World Market ◽  
Economic Convergence ◽  
African Countries ◽  
Current Trends ◽  
The World

Nowadays modern economics is going through a lot of changes, that makes Ukrainian businessmen track its all current trends to support the necessary level of competitiveness on the world market. The purpose of the paper is to research the current trends of the global economy and identify its prospects. The study has brought the following results. The authors identified that among the most significant trends that determine the future of the global economy are the following: economic convergence, globalization, changes in the ranking of economic growth leaders in favor of Asian countries, the growth of cryptocurrency markets, constant growth of the global debt, changes in the demographic map in favor of African countries. China, which has been considered to be the major driver of global economic development for the last decade, will gradually lose its positions to India. The article points out that today we can observe a phenomenon of economic convergence, which approximates level of economic development of different countries through faster growth rates of gross domestic products in developing countries compared to developed countries. The main causes of economic convergence include globalization, which has contributed to the spread of know-how, decline in the working-age population in developed countries compared to the rest of the world, increase in labor productivity in developing countries, and redistribution of the labor force of these countries toward higher productivity sectors. The study identifies the prospects for modifying the economic map of the world based on the following factors: increase in the rate of development of Asian economies, population growth and urbanization of certain countries in Asia and Africa, slowdown in the economic development of developed countries and the aging of European nations. The article identifies that all of these trends take place in the framework of the fourth industrial revolution, which largely determines these changes, shaping the sectoral and geographical structure of the global economic development and employment.

scholarly journals INDUSTRY 4.0: FEATURES OF UKRAINE’S DIGITAL TRANSFORMATION

2021 ◽  
Vol 71 (3) ◽  
Author(s):  
Alina Chaikina
Keyword(s):  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Developed Countries ◽  
Digital Transformation ◽  
Automated Guided Vehicles ◽  
Added Value ◽  
Blockchain Technology ◽  
The World

It was examined in the article peculiarities of the Industry 4.0 introduction in Ukraine, in particular, it was revealed that there are new approaches to the economies functioning, taking into account processes of globalization, development of science and technology. It was determined that the global pandemic caused by COVID-19 and changes in the political, economic, social, environmental, and other spheres are accelerating the process of digitalization. The author analyzed the National strategy of Industry 4.0 and proposed key areas for implementing the concept of Industry 4.0 in Ukraine using the experience of developed countries. Factors that hinder the process of our country’s economic digitalization were identified in the article. A study of world rankings on digital transformation was conducted in order to identify the place of Ukraine in this process, in particular: “The Global Competitiveness Report 2019”, which reflects the competitiveness between countries in the Fourth Industrial Revolution; “Global Digital Readiness Index 2019”; “The Digital Network Index 2020” (Accelerating Digital Transformation in a Post-COVID Global Economy). Research has shown that our country lags behind the developed countries of the world that actively implement Industry 4.0. Author identified the most common digital technologies used in the world: 3D printing, Internet 5G, Artificial Intelligence, augmented reality, automated Guided Vehicles, blockchain technology, cloud technology, Cobot, cybersecurity, Digital Twin, drones, IoT, and IoT platforms, quantum computing, and virtual reality. The regions – world leaders in the introduction of digital technologies and companies that ensure the development of science, technology, further digitalization of their own activities were analyzed. Accordingly, prospects for further research are developing mechanisms to improve implementation of Industry 4.0 at Ukrainian enterprises, as they provide innovative changes in the economy, conduct R&D, create added value, and fill the region's budget and country. Digital transformation of enterprises will allow them to gain new competitive advantages, enter international markets, and ultimately turn our country into a highly industrialized country with a digital economy.

scholarly journals Building Capacity For Digital Development In The Arab World: The Role Of Education

2019 ◽  
Vol 8 (5C) ◽  
pp. 1530-1537 ◽  
Keyword(s):  
Developing Countries ◽  
New Product Development ◽  
Knowledge Creation ◽  
Information Dissemination ◽  
Industrial Revolution ◽  
Critical Role ◽  
Digital Technologies ◽  
Digital Economy ◽  
Arab Countries ◽  
Building Capacity

The digital economy is identified with the 4th industrial revolution reflecting the importance of the digital technologies for development. In particular, the 4th industrial revolution holds prospect for developing countries to benefit from new opportunities brought by the new digital technologies spurring knowledge creation, innovation, skill intensification of the work-force and productivity enhancement. Economic development is a process of structural transformation that requires knowledge creation, knowledge sharing and knowledge acquisition. Digital technologies facilitate access to global markets allowing developing countries taking advantage of the information age to strengthen knowledge creation, innovation diffusion and information dissemination. Education plays critical role in building capacity for development in the digital economy. Participation in the digital economy requires new managerial and technical skills to stimulate technological learning and facilitate cooperation and collaboration. Education increases the country stock of capital essential for building capacity for innovation and supporting sustainable development. In other words, education drives knowledge creation, technological breakthrough and new product development. This paper focuses on the role that education plays in strengthening the fundamentals for digital economy. In most Arab countries, development is factor-driven -- dependent largely on natural resources and labor. This paper examines the contribution of education to development in the era of the 4th industrial revolution.

Risks of the Digitalization of Life of the Population and Ways of Decreasing Them

2021 ◽  
Vol 13 (4-1) ◽  
pp. 180-203
Author(s):  
Elena Stukalenko ◽  
Keyword(s):  
Quality Of Life ◽  
Digital Technologies ◽  
Well Being ◽  
Digital Economy ◽  
Digital Transformation ◽  
Negative Consequences ◽  
Short Period ◽  
The World ◽  
The Impact

Digital technologies, ubiquitous in our daily life, have radically changed the way we work, communicate, and consume in a short period of time. They affect all components of quality of life: well-being, work, health, education, social connections, environmental quality, the ability to participate and govern civil society, and so on. Digital transformation creates both opportunities and serious risks to the well-being of people. Researchers and statistical agencies around the world are facing a major challenge to develop new tools to analyze the impact of digital transformation on the well-being of the population. The risks are very diverse in nature and it is very difficult to identify the key factor. All researchers conclude that secure digital technologies significantly improve the lives of those who have the skills to use them and pose a serious risk of inequality for society, as they introduce a digital divide between those who have the skills to use them and those who do not. In the article, the author examines the risks created by digital technologies for some components of the quality of life (digital component of the quality of life), which are six main components: the digital quality of the population, providing the population with digital benefits, the labor market in the digital economy, the impact of digitalization on the social sphere, state electronic services for the population and the security of information activities. The study was carried out on the basis of the available statistical base and the results of research by scientists from different countries of the world. The risks of the digital economy cannot be ignored when pursuing state social policy. Attention is paid to government regulation aimed at reducing the negative consequences of digitalization through the prism of national, federal projects and other events.

scholarly journals FROM ORANJE NASSAU TO PULAU LAUT : THE INVEST OF COAL MINING IN SOUTHEAST KALIMANTAN FROM 1845 TO 1931

2016 ◽  
Vol 14 (2) ◽  
pp. 323
Author(s):  
Mansyur -
Keyword(s):  
Eighteenth Century ◽  
Coal Mining ◽  
19Th Century ◽  
Industrial Revolution ◽  
World Market ◽  
Mining Company ◽  
The World ◽  
Coal Market ◽  
Left And Right ◽  
The 19Th Century

European Industrial Revolution in the eighteenth century brought great changes not only in Europe itself but also in other parts of the world including Indonesia which was used to be a country of Dutch colony. The invention of steam-powered ships triggered the Dutch to use steam-powered vessels as the alteration of yachts, wind-powered ships, in the 19th century. At the beginning, the steam-powered ships used rotating wheels in the left and right side; however, the ships finally used ordinary windmills or propellers. The decrease and the lack of this production was getting worsened the competition of other producer countries in world market and the unstable coal market and in crisis year in 1930, Pulau Laut Mining Company production dropped so that it was closed down in the same year.

scholarly journals Creation of added value in the context of measurement complexity of the digital economy

E-Management ◽  
2020 ◽  
Vol 3 (1) ◽  
pp. 68-74
Author(s):  
Ya. V. Miller
Keyword(s):  
Large Scale ◽  
Business Processes ◽  
International Comparisons ◽  
Value Added ◽  
Digital Economy ◽  
Added Value ◽  
Digital Data ◽  
Demand And Supply ◽  
The World ◽  
Key Indicators

In the last decade unprecedented technological changes have taken place, resulting in the emergence of a fundamentally new economic model. Based on the widespread spread of smartphones, the world has become more “connected”. The digitalization of demand and supply contributed to the creation of entirely new digital markets managed by platform enterprises based on an open business model, that enabled external consumers and producers to connect and interact with each other. A more interconnected world generates vast amounts of data, allowing platform companies to invest in machine learning and artificial intelligence and ultimately improve their efficiency. Finally, a steady digitalization of business processes, markets and global value chains is observed. In these circumstances, approaches to value addition are fundamentally changing in the context of new dimensions of the digital economy, the analysis of which was the purpose of our study. It has been identified, that in the absence of a standardized international methodology for measuring the digital economy, the latter is so far possible on disparate development-left and national statistics. Initiatives taken at the international level to overcome national differential approaches are still insufficient, as there is a lack of statistics and variables related to digital data. It has been revealed, that the lack of quality statistics on key indicators of the digital economy makes it difficult to assess the value added in the world economy scale and international comparisons. Much of the challenges of measuring value added in the digital economy, as shown in the article, are related to the principle of “scale without mass,” the intangible nature of capital, the intense growth of large-scale cross-border data flows, and the emergence of new sources of value creation.

scholarly journals WORLD ADVERTISING MARKET: MAIN DEVELOPMENT TRENDS

2021 ◽  
Author(s):  
Larysa Chernyshova
Keyword(s):  
Digital Technologies ◽  
World Market ◽  
Target Market ◽  
Outdoor Advertising ◽  
Economic Relations ◽  
International Advertising ◽  
The World ◽  
Almost All ◽  
Integrated Or ◽  
Advertising Activity

The article defines international advertising as a process of communication and sales organization in foreign markets. The reasons for the intensive development of modern international advertising, including increased production and globalization of markets, reduced costs for packaging and labeling caused by standard approaches, the emergence of a global consumer segment, interpenetration of different cultures, introduction of common cultural standards, accelerated development of global media. The characteristics of evolutionary models of the advertising market are given. The advertising market is defined as a target market of marketing communications, which develops independently, with a system of economic relations between the participants of advertising activity and target consumers and functions in constant connection with the tendencies of the commodity market. It was found that the advertising market is developing in almost all directions, and new types of advertising (Internet, online technology) are characterized by a sharp rise in advertising, which led to the creation of a new type of advertising market - integrated or global advertising space. The modern tendencies of development of the world advertising market are analyzed, the structure of expenses for advertising all over the world is resulted. The strategic directions of development of advertising activity of the leading advertisers in the world market are analyzed. The influence of digital technologies, which continue to stimulate global growth of investment in advertising and transform traditional mass media, is substantiated. Promising directions of development of the main segments of the world advertising market are outlined, among them increase of expenses for digital advertising in the world, growth of a role of social networks and online video as a segment in the field of digital technologies, growth of expenses for mobile advertising, saving on TV and radio advertising. advertising market, the development of outdoor advertising based on the transition from addressing opportunities to expand the customer experience through technologies such as VR and face recognition, the outflow of advertising budgets for print media.

Is Malaysia Ready for the Fourth Industrial Revolution?

2018 ◽  
pp. 41-64 ◽  
Author(s):  
Mathew Maavak ◽  
Aini Suzana Ariffin
Keyword(s):  
Automotive Industry ◽  
Industrial Revolution ◽  
Automotive Sector ◽  
Traditional Role ◽  
Fourth Industrial Revolution ◽  
Global Innovation ◽  
The World ◽  
Challenges And Opportunities

Malaysia intends to ride on the crest of the coming i.4.0 wave. According to the 2016 GE Global Innovation Barometer study, a significant number of Malaysian executives felt positive about embracing i4.0 vis-a-vis their global peers. On the surface, Malaysia appears ready for its own i4.0 revolution. According to the WEF's Networked Readiness Index on digital readiness, Malaysia was ranked 6th in terms of having the most tech-savvy government in the world. The automotive sector is ideally suited to kickstart the i4.0 revolution as it was traditionally regarded as the “industry of industries” – particularly due to its traditional role in spearheading wider, cross-sectoral industrialisation. However, Malaysia is not yet ready to embrace the 4th Industrial Revolution. This chapter discusses the obstacles, challenges, and opportunities facing i4.0 uptake in the Malaysian automotive industry. It ends by recommending a unique pathway for i4.0 adoption in the sector.

Evolution of Digital Technologies and Use of Virtual Assistants in Drug Development

2019 ◽  
pp. 1-20
Author(s):  
Manu Venugopal
Keyword(s):  
Drug Development ◽  
Digital Health ◽  
Critical Role ◽  
Life Sciences ◽  
Digital Technologies ◽  
Development Phase ◽  
Health Technologies ◽  
Daunting Task ◽  
The World

The drug development phase is one of the most time-consuming and expensive stages in the lifecycle of a drug. Marred by patent expirations, price regulations, complexities in disease conditions, life sciences companies are facing a daunting task to bring new molecular entities into the market. Digital health technologies are playing a critical role in addressing some of the challenges faced during drug development. In this chapter, the author talks about the challenges and key trends in the world of drug development, use of new digital health technologies, and the future of drug development. As an example, the author dives into a specific case study on the use of virtual assistants in clinical trials and the benefits of its usage on patients, healthcare professionals, and life sciences companies.

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