Preconditions for the Transition of Developed and Developing Countries to the Cyber Economy Through the Process of Digital Modernization
The development of the cyber economy is becoming a guarantor for the national competitiveness of countries. However, many developing and emerging economies do not possess the corresponding preconditions for its formation.
The purpose of this chapter is to describe the necessary conditions for the transition of developed and developing countries to the cyber economy and to determine factors that assist or hinder the development of this process. Economic and mathematical analysis is used in conjunction with data from global rating surveys that characterize the development of the cyber economy to determine interconnections with a range of macroeconomic indicators. The results of the mathematical calculations indicate that, on the one hand, development of the cyber economy is predetermined by the high level of a countries’ well-being, and, on the other hand, stimulates an increase in the effectiveness of business processes in the country’s economy on the whole.
KeywordsCyber economy Digital economy Information and communication technologies Index of development
JEL CodeE6 O3 O5
The research was carried out within the framework of the state task of the Ministry of Science and Higher Education of the Russian Federation No. 730000F.99.1.BV16AA02001 “Scientific and methodological, analytical and regulatory support for the implementation of the Set of Measures for 2018–2020 for the implementation of the Interstate Program for Innovative Cooperation of the CIS countries until 2020...”.
The publication has been prepared with the support of the “RUDN University Program 5-100.”
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