Main factors influencing the digital economy: a literature review

Authors

DOI:

https://doi.org/10.26661/2522-1566/2024-4/30-02

Keywords:

digital transformation, the role of digital technology in the modern economy is increasing, and the main issues in the digital transformation process

Abstract

In response to the challenges of our time, our research aims to understand and analyse the trends of digitalization of the economy in the current context. It is important to note that this topic is becoming increasingly relevant in the context of the rapid development of technology and its impact on the global economy as a whole. To achieve the goals and objectives of the current study, a wide range of scientific sources were used, namely articles in periodicals, theses, books, etc. The global objectives of this research discourse are to study the impact of digitalization on the modernization of the international economy at both the micro and macroeconomic levels. Thus, one of the essential aspects of this movement is to understand and analyse the technological innovations that transform traditional industries and business models. The increasing role of digital technologies in the modern economy and their impact on the competitiveness of enterprises and countries in the global economic space is a pressing issue. Both technical and socio-economic consequences of digital transformation should be addressed when analysing this issue. The impact of digitalization on the employment structure and labour market is also important. Changes in the technological landscape can affect both the distribution of jobs and the development of skills required for a successful career, as well as lead to the emergence of new forms of labour.

 JEL Classification: L86

References

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Girchenko T. D., Semenyuk I. M., Cherikovska N. V. (2020) The importance of the digital economy in the development of the national economy. Economic Development: Global Trends and National Peculiarities.. 60-73. DOI: 10.30525/978-9934-588-61-7-5 [in Ukrainian].

Kotelnikova Yu. (2022) Development of e-commerce: foreign experience. Bulletin of Khmelnytskyi National University. Economic Sciences. 6(1). 61 – 66. https://doi.org/10.31891/2307-5740-2022-312-6(1)-9 [in Ukrainian].

Apalkova V.V. (2015) Concept of the development of the digital economy in the European Union and prospects for Ukraine. Bulletin of Dnipropetrovsk University. series "Innovation Management". 23 (4). 9–18. Available at: http://nbuv.gov.ua/UJRN/vdumi_2015_23_4_4 [in Ukrainian].

Sturgeon T. (2021) Upgrading strategies for the digital economy. Global strategy journal. 11(1). 34-57. DOI:10.1002/gsj.1364

Ustenko M., Ruskyh A. (2019) Digitalization: the basis of enterprise competitiveness in the realities of the digital economy. Newsletter of the economy of transport and industry 68 (2019). https://doi.org/10.18664/338.47:338.45.v0i68.188288 [in Ukrainian].

Goloborodko A. (2023) The role of digital technologies in managing the integrative development of enterprises in the digital economy. Problemy ekonomiky. 3. 174-179 [in Ukrainian].

Buzhymska K., Zhelikhovska M. (2021) Modern trends and models of entrepreneurship development in the digital economy. Entrepreneurship and Trade. 2815-19. https://doi.org/10.36477/2522-1256-2021-28-02 [in Ukrainian].

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Published

2024-12-20

How to Cite

Zhang, H. (2024) “Main factors influencing the digital economy: a literature review”, Management and Entrepreneurship: Trends of Development, 4(30), pp. 27–33. doi:10.26661/2522-1566/2024-4/30-02.