Digital economy: place of Ukraine in global trends of sustainable development

Abstract

The research of the Ukraine’s place in global trends of sustainable development from the position of digital economy is presented. An economic essence of digital economy and its significance for Ukraine is studied. Its main components are defined. The relationship between the digitalization of the economy and the level of sustainable economic development is substantiated. Considering the fact that the development of the digital economy is characterized by a large number of indicators at the global level, the Global Connectivity Index is chosen to analyze the relationship with the SDGs achievement. The hypothesis about the dependence of SDGs achieving on the possibilities of the digital economy is confirmed with the help of mathematical modeling using correlation-regression analysis. The analysis of the relationship between Global Connectivity Index and SDGs Index is conducted. The level of influence of GCI component groups (broadband, cloud, AI, IoT) on the levels of SDGs is determined. Based on the analysis two components of the GCI index – the Internet of Things and the state of the broadband Internet, which have a significant impact on the level of SDGs achievement, are identified by the authors. It was found that two other components – the development of artificial intelligence and cloud technologies have a moderate impact on SDGs achievement. The global map of the digital technologies development level in compliance with the SDGs achievement is presented. Visualization on the map makes it possible to group countries with a high level of digitalization and achieving the SDGs on the one hand, and a high level of digitalization and relatively low indicators of sustainable development on the other hand, and vice versa. The analysis of Ukraine’s place on this world map is performed. The role of digital transformation in achieving of the defined SDGs is identified.