Development of the Digital Economy in Terms of New Global Challenges

Abstract

AbstractThe article defines the essence of the economic category “digital economy” and establishes its close relationship with the traditional economy. The presence of the influence of the digital economy on the level of economic growth and development has been noted. The existence of a relationship between integration into global added value chains and the concept of ecosystem development and smart specialization has been revealed. The trends and features of the global digital development, as well as its drivers, have been studied. New global challenges of digital development and their impact on the economy and society in Russia and abroad have been identified and analyzed. It is shown that over the past decades Russia has transformed into a center for the creation of digital products and services and has a number of powerful competitive advantages. The state and possible prospects for the development of the Industry 4.0 in the context of such a global challenge as the coronavirus pandemic are analyzed. The main threats and new opportunities for socio-economic and digital transformations caused by COVID-19 were identified. At the same time, the main emphasis is placed on Russia’s opportunities to be included in new value chains or develop existing ones. The need to ensure the complementarity of digital and socio-economic transformations is indicated.KeywordsDigital economyDigital developmentIndustry 4.0Global challenges