DIGITAL ECONOMY: DEFINITION, ADVANTAGES, DISADVANTAGES

Abstract

The purpose of the study is to analyze the current state and develop effective measures to regulate thedigital economy to achieve sustainable economic growth, improve the competitiveness of the economy and improvethe quality of life of the population of the Republic of Kazakhstan. The introduction of information technologies in thepublic sector brings to a qualitatively new level key aspects of life – from payment for utilities to insurance policiesand treatment. The methodology is based on methods of analysis, synthesis, induction and deduction. The value ofthe research is that the model of digital economy development is defined. The practical significance of the study liesin the development of proposals to improve the regulation of the digital economy in the Republic of Kazakhstan. Thedigital economy is becoming an important driver of innovation, economic growth and competitiveness. More than15 countries are implementing a national programme of digitization. The formation and development of the nationalsegment of the digital economy through the use of trusted, mainly domestic ICT, and its further integration into theglobal digital economy, on the one hand, provides a “window of opportunity” for the integration of the economy ofthe Republic of Kazakhstan in the emerging world economic order, and on the other hand – carries significant risks toeconomic security and sovereignty of the state. The article is executed within the project AP05135078 “Formation anddevelopment of digital economy in the Republic of Kazakhstan: theory and practical measures of realization” of grantfinancing of scientific researches of the Ministry of education and science of the Republic of Kazakhstan.