GLOBAL CONTEXT OF THE DIGITALIZATION PROCESS: ESSENCE, PRIORITY VECTORS AND THREATS

Keywords: digitization, digital economy, digital services and solutions, recognition technology, innovations, cyber security, Internet, fundamental rights and freedoms of the individual, personal data

Abstract

The article is devoted to research, analysis of theoretical provisions, vectors and digital dividends and risks of practical implementation of the process of digital transformation of the global economic system as an imperative to ensure sustainable development on an innovative basis. The purpose of this study can be defined as the identification of the main trends in the development of the digitalization process, as well as the risks, the emergence and spread of which it causes. The dialectic of the digital format of development and transformation in terms of the interests of certain groups of stakeholders of this process is studied, the share is given, the scale of distribution and the importance of the web economy in the structure of the global economic system are outlined. The article structured challenges and drivers of the digital transformation of the global economy, which can act as a basis for determining vectors of innovative development of the global society based on "digital infrastructure", reflecting, at the same time, the possible effects of the implementation of the corresponding ones drivers of the development of the transformation process. The rates and forecast data on the growth of the digital economy are given. The indisputable role of digital innovations and solutions in providing an innovative model of development and strengthening the competitiveness of both individual business structures and national economies as a whole has been revealed. It was established that the attention of the international community, the scientific community, and the global society in general is constantly growing, focusing on the issues of forming a safe and balanced program of practical implementation of the conceptual foundations of the development of the digital economy and the public. The most significant risks and threats of the uncontrolled spread of the digitization process in the global dimension were also identified and some mechanisms aimed at their complete or partial leveling, which are already actively implemented by democratic governments, are considered, or the mechanisms and time limits of their future practical implementation are clearly outlined.

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Published
2023-06-27
How to Cite
Musiiets, T., & Riabets, A. (2023). GLOBAL CONTEXT OF THE DIGITALIZATION PROCESS: ESSENCE, PRIORITY VECTORS AND THREATS. Economy and Society, (52). https://doi.org/10.32782/2524-0072/2023-52-85
Section
INTERNATIONAL ECONOMIC RELATIONS