ЕВОЛЮЦІЯ ТЕОРЕТИЧНИХ КОНЦЕПЦІЙ ЦИФРОВОЇ ГЛОБАЛІЗАЦІЇ

Abstract

Digitization has grown increasingly intricate, encompassing a wide range of technologies such as cloud computing, smartphones, big data, digital mining, cryptocurrencies, and artificial intelligence. The utilization of these technologies has become comprehensive, and as a result, the study of the theoretical concepts of digital globalization has become the primary focus of this article. The rapid proliferation of digitalization within the global economy has garnered significant attention from researchers worldwide. The study has determined that the digital economy constitute a crucial component of the Fourth Industrial Revolution and is intrinsically linked to the advancement of digital computer technologies. These technologies encompass online services, electronic payments, commerce, advertising, and games. The research reveals that the evolution of the theory of the digital economy has progressed from the information economy to the concept of the digital economy, with a significant breakthrough occurring in the realm of the microelectronics. The concept of the digital economy was initially introduced by American economist D. Tapscott in his book The Digital Economy. It is worth noting that digital globalization has revolutionized the framework of international economic management. The research conducted has led to the conclusion that the examination of the globalization the digital economy is currently a central area of academic investigation and has become the subject of numerous multidisciplinary studies. In contemporary times, data, which is information in digital form, stands as the primary resource driving the digital economy. The prevailing theoretical models of international trade, which revolve around a country's endowment of conventional factors of production like labor and capital, are inadequate in elucidating the dynamic expansion of digital globalization and the divergent stances on digital trade policies observed among companies worldwide. The onset of the 21st century marked the advent of the fourth wave of the industrial revolution, which introduced a digital realm blending the virtual, physical, and biological worlds. Information and communication technologies serve as the foundation of this transformative phase. Consequently, the prospects of nations, regions, and the global economy as a whole hinge upon the ability of national governments to effectively coordinate businesses and individuals in working with digital technologies.