Development and Regulation of the Digital Economy in the Context of Competitiveness

Abstract

The world economy is currently on the verge of a new transformation. Ongoing digitalization is changing the global economy by reducing the costs of data collection, storage, and processing; reducing production chains, and so on. The increasing processes of digitalization lead to the blurring of geographical and physical boundaries. These circumstances open up new opportunities for states and businesses, and contribute to the development of competitiveness within countries and in the world as a whole. World experience shows that with the proper development of mechanisms for the functioning of the digital economy, including regulatory and legal ones, it is possible to achieve noticeable economic growth, increase labor productivity, and create new sectors. Results of the study: 1. The analysis of the digital economy of the Russian Federation is carried out. 2. The role of the state in the development of the digital economy is shown. 3. The weaknesses and strengths of the digital economy are identified. 4. The directions of solving the problems of digitalization of the Russian economy are determined. The methodological basis of the research is the scientific works of Russian and foreign scientists in the field of the digital economy, the results of various applied research on the formation of the knowledge economy (Aetdinova et al. in Life Sci J 11(98):558–561, 2014; Akimov in The government in 2019 will make a decision on the legal regulation of the digital economy, 2018; Demyanova and Zaidullina in IIOAB J 9:164–169, 2018; Denisov in Experts evaluate the contribution of the digital economy to the GDP of Russia, 2017; Galiullina et al. in Dilemas Contemporaneos-Educ Polit Valores 6(84), 2018; Lapina in Intellectual information systems, 2017; Naumkin in Five trends of the digital economy of Russia in 2018, 2018; Niyazbekova et al. in The influence of macroeconomic factors to the dynamics of stock exchange in the Republic of Kazakhstan 12:1263–1273, 2016; Niyazbekova et al. in Bull Nat Acad Sci Repub Kaz 1(383):156–162, 2020; Semenyuk et al. in World Trans Eng Technol Educ 16(2):186–192, 2018; Sologubova in The phenomena of the digital economy, 2017; Sologubova in On the issue of digitalization of the economy and labor market problems, 2018).