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Problems and Prospects of Economic Digitalization in Kyrgyzstan

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Digital Economy: Complexity and Variety vs. Rationality (ISC 2019)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 87))

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Abstract

The article is dedicated to the study of the most urgent and discussed the issue among theoretical scholars and practical economists around the world – the economic digitalization. The purpose of the article is to develop measures on enhancement and improvement of economic digitalization efficiency in the Kyrgyz Republic. The objective of the study is to justify the external necessity and efficiency of the digital transformation of the economy, reveal economic digitalization issues, outline its trends and promising areas. To achieve the purpose set, the authors investigated the essence of the digital economy concept and its components and interpreted it based on a comparison of the various definitions. We described in details the advantages and risks associated with economic digitalization in order to determine and compare the potential benefits from the development of the digital economy and issues, to avoid crises in the evolution of the global economy. We proved the need for the introduction of modern digital information technologies both into the economy of the Kyrgyz Republic and in all areas of public life on the back of a comparative analysis of the advanced international practice of economic digitalization. We examined the regulatory documents, intergovernmental and government programs, digital agenda concepts, special reference books as well as research materials on the issues under consideration. After review of the above-listed sources, we determined purposes, objectives, and elements of economic digitalization in the Kyrgyz Republic. We carried out an analysis of the current state, trends, problems, and prospects of economic digitalization in the Kyrgyz Republic. We summarized the recommendations on acceleration and enhancement of the digital transformation efficiency in the country’s economy.

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Correspondence to Ainura M. Khamzaeva .

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Khamzaeva, A.M., Myrzaibraimova, I.R., Mamashov, K.A. (2020). Problems and Prospects of Economic Digitalization in Kyrgyzstan. In: Popkova, E., Sergi, B. (eds) Digital Economy: Complexity and Variety vs. Rationality. ISC 2019. Lecture Notes in Networks and Systems, vol 87. Springer, Cham. https://doi.org/10.1007/978-3-030-29586-8_99

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