Information Economy Research Articles

Digitalization of the information society economy and cybersecurity of social services

In the work, taking into account previous studies of the stages and tasks of the development of the global information and digital economy of the information society, strategic and program documents for the development of the digital economy of the information society, the systematization of tasks and consistent disclosure of the content of the tasks of digital transformation of public and municipal administration, economics and the social sphere as one of the target areas for the development of the digital economy in the Russian Federation is carried out. Based on the study of statistical data on security incidents when citizens use the financial services of the Bank of Russia, data on the types of attacks on the Portal of public services and statistical data of the Ministry of Internal Affairs of Russia on the growth of cybercrime, a conclusion is drawn about the relationship and mutual influence of the processes of digitalization of public administration in the social sphere and information security of the exploited digitized processes of interaction of citizens with public services and financial services. This fact allows us to conclude that the processes of providing public and financial services are not sufficiently mature in terms of their cybersecurity level. To increase the level of cybersecurity of digital solutions, the author proposes to introduce in Russia the National Cybersecurity Index as a state mechanism for evaluating and controlling the necessary level of security of digital solutions accepted for operation and implemented within the framework of the national goal “Digital transformation of public and municipal administration, economy and social sphere”. The conducted research contributes to understanding the place and role of the information security system in digital public administration and digitalization of the social services sector.

Contemporary challenges of MIL: Towards an education for emancipation

This article explores the contemporary challenges of Media and Information Literacy (MIL) and its potential to promote emancipatory education. Through a historical analysis, it examines MIL’s evolution and its consolidation as a critical tool for civic participation in the digital environment. The article addresses the transformations brought by the digital age to communication systems, the information economy, and regulatory frameworks, emphasizing the importance of updating MIL to address the platformization of education, datafication, and generative technologies. It proposes MIL as a vehicle for active and reflective citizenship, capable of transforming the relationship between education, communication, and technology.

Common institutional ownership and opportunistic insider selling: Evidence from China

We examine the relationship between common institutional ownership and opportunistic insider selling. Using an unbalanced panel of 32,858 firm-year observations of Chinese A-share listed firms from 2007 to 2021, we find that common institutional ownership inhibits opportunistic insider selling, supporting the synergistic governance view. Our evidence indicates that information economies of scale and industry power acquired from shareholding networks enable common owners to exert positive governance effects. Designating directors and officers, voting at shareholders' meetings, and promoting information disclosure are the three essential channels through which common owners perform effective monitoring. Furthermore, the synergistic governance effect is more pronounced in firms with headquarters located in regions with a stronger altruistic culture, better independent director governance, and wider media coverage. Heterogeneity analyses show that non-pressure-sensitive, stable, and transactional common institutional investors effectively inhibit opportunistic insider selling, whereas pressure-sensitive common owners exhibit attenuated effects. Additional tests indicate that common owners significantly reduce the profitability of opportunistic insider trading. Our findings highlight the social attributes and ethical aspects of how common institutional shareholders restricts insider opportunism in emerging markets.

ENSURING THE OPENNESS OF UKRAINIAN CITIES IN THE INFORMATION ECONOMY: CURRENT REALITIES AND FORECAST SCENARIOS

The article considers the problem of ensuring the openness of cities in the conditions of the information economy. The works of Ukrainian scientists regarding the impact of the information economy on the process of ensuring the openness of cities are analyzed. Three scenarios for ensuring the openness of cities are outlined: the negative one is based on low evaluations of ensuring the openness of the city in combination with unfavorable external factors and a slowdown in the pace of key development indicators; basic, based on the most likely development trends and the existing socio-spatial and socio-political context of the model of ensuring the openness of the city; positive, which outlines the city as an open platform where there is a synergy of actions in the paradigm of "government-business-population" relations and which is determined by the optimistic dynamics of indicators on the way to achieving common goals and objectives of the city's development in various spheres. It is proven that the structural vision of the concept of a modern city should include the following concepts: compliance with the policy of open data; adherence to a participatory approach in the development of concepts, strategic, tactical plans and forecasts of the city's development with an orientation towards a vision of the post-war recovery scenario agreed at all levels; the priority of innovative and informational progress in the organization of the urban environment and ensuring the life of the city; taking into account and adapting the practices of world experience in matters of ensuring inclusiveness, resilience, forming digital infrastructure, innovative ecosystem and security; ensuring a balance between the processes of ensuring openness, confidentiality and security of the city. Attention was drawn to the need for the synergy of the concepts of the information economy and the openness of cities, which will enable the activation and realization of the existing potential of economic growth, the spread of innovations, ensuring inclusiveness, stability and sustainable development of cities.

Intellectual Capital: Revisiting an Analytical Model

The world’s economy is experiencing important changes brought on by diverse factors, namely technological advancements, the appearance and diffusion of personal computers, high-speed telecommunications, and the Internet. These technological changes have influenced the corporate environment, with recent decades denominated as the information economy, the digital economy, the economy of knowledge, a risk society, and the age of quality and innovation. To designate the key concept of the new economic era as “intellectual capital” implies a classification and evaluation effort in order to proceed with its generalization. In today’s world, the study of a model capable of adding explanatory diversity to intellectual capital is very relevant. We observed a true panoply of concepts in the analyzed models based on a literature review. The conceptual evolution during recent decades has motivated many investigations in this field, resulting from the phenomenon of globalization, growing technological innovation, and the observation of significant disparities between the market value and the accounting value of companies. This article describes an investigation carried out, presenting an explicative model of intellectual capital based on four distinct patterns, which are the aggregating factors of the existing conceptual diversity. We present the identification of a model with two axes, x (the type of knowledge, from tacit to explicit) and y (the capital of knowledge, from human to structural), which represents the conceptual diversity mirrored in four quadrants resulting from the research carried out with an initial exploratory study and two following studies with 45 and 72 specialists. In this article we analyze the Martins model, which proves to be essential for systematizing and mapping the dimensions that intellectual capital includes. This model can be used to identify the different aspects of intellectual capital in an organization and thus contribute to its understanding, optimization and good management.

Eddison Walters Self-Employment Tax Modernization Reform Entrepreneurship Revitalization Negative Marginal Returns Adjustment Theory: Tax Reform for Forgotten American Workers That Will Increase Tax Revenue in Today’s Technological Driven Economy

Technological advancement's impact has significantly affected the entire United States economy, including the increasing self-employment tax burden for many Americans struggling to keep their head above water. Small business failure continues while many Americans see self-employment tax burden increase. The number of business failures started outpacing new business startups in 2008, coinciding with the Global Financial Crisis. Research in the Literature presented evidence that technological advancement was the most significant factor causing the housing price increase facing the country today. The false conclusion that the United States economy experienced a housing bubble in the past was because policymakers did not understand that once local housing markets transformed into global housing markets through technological transformation between 1995 and 1999. Because the trend of failure of small business coincided with the Global Financial Crisis the evidence suggested there are questions policymakers need to understand about how technological advancement has influenced economic policy failures. The impact of technological advancement on the increasing burden of self-employment taxes for many hardworking Americans is also a topic of consideration for policymakers as tax reform policies become a priority of the incoming Trump Administration. Many policymakers stuck in their thinking of policy positions based on the past have yet to consider the need to adopt new policies as the country moves into the new age of information technology. Policymakers have debated wage stagnation and approaches to increasing working families' income in the United States. Still, they have yet to consider self-employment tax reform policies as an option to expand the middle class. Many policymakers have not considered how employment has evolved because of technological advancement and the gig economy. Policies aimed at adjusting to the technologically driven economy can help lift families into the middle class as the country adapts to today's technologically driven economic environment. Many on the political Left have called for a minimum wage increase to lift families into the middle class. At the same time, the Right argues that employers will pass the cost along to customers or reduce labor costs through automation, which will eliminate jobs. The study by Gindling (2024) concluded that increasing the minimum wage has a marginal impact on decreasing poverty, so there are more practical solutions than increasing the minimum wage. Policies that can help the economy flourish in the new technological advancement-driven information economy are critical to the debate. Eddison Walters Self-Employment Tax Modernization Reform Entrepreneurship Revitalization Negative Marginal Returns Adjustment Theory highlights the need to adopt self-employment tax reform policies to encourage entrepreneurship and facilitate economic growth as the American economy adapts to the technological advancement-driven economy.

APPROACHES TO THE CLASSIFICATION OF SUSTAINABLE DEVELOPMENT RISKS OF A ENTERPRISES

The role of risk consideration in enterprise management continues to grow over time. Rapid development of new technologies, obsolescence of existing ones, commoditization, globalization, digitalization, and the rise of the new electronic and information economy, characterized by internal imbalance, rapid transformations, and high external turbulence, not only broaden the range of risks but also qualitatively transform them, necessitating dedicated studies. The aim of the article is to improve the classification of risks of risks related to sustainable enterprise development. Research methods: generalization, systematization. The article refines the classification of sustainable development risks for enterprises, expanding the classification features and adding new types: “Emerging Risks” and “Unexpected Risks”, in addition to “Entrepreneurial Risks”. The risks associated with sustainable enterprise development are detailed by type. Specifically, “Emerging Risks” include relocation risks, risks of military actions, infrastructure risks, Industry 4.0 risks, customization, commoditization, and others. “Unexpected Risks” include force majeure, terrorism, "black swan" events, and others. Entrepreneurial risks encompass reputational, interface, partnership risks, and others. This classification approach, unlike others, emphasizes modern external challenges and globalization threats. The author’s proposals can be applied in the practical activities of enterprises and form the basis of a methodological approach to risk management within a risk-oriented framework. This approach includes identifying and assessing risks and implementing corresponding measures to minimize (or eliminate) them depending on the risk level.

Самооценка преподавателя вуза в контексте современных медиа

Self-esteem and personal development depend on the social context. This article describes this correlation, within which personality affects the professional success. Such an impact is manifested in the work of a modern university educator, both in the media space and beyond. The social role of the teacher changes together with public relations: today, it is part of cultural capital and information economy. The professional self-esteem of a university educator, expressed in managerial metrics, determines their performance. The metrics can reveal a social interaction between the specialist and the society, where the specialist exchanges skills for reward, which affects the self-esteem and further interaction. The work of a university educator depends on the presence of the student as an actor, formal requirements of the university administration, and the ability to meet the students’ need for personal contact under standardization and mass production of information. The article gives university teaching personnel some recommendations on maintaining self-esteem connected with the development of emotional intelligence, impression management, and identification. The recommendations are supported by media presence cases.

Materialities of ‘Mushroom-Leather’

The ever more apparent unsustainable and unethical effects of the garment industry have caused consumers to face the dilemma of reconciling their interest in consumption with acting responsibly. The use of new materials in production, for example garments made from fungi, offers one way for consumers to resolve this. Fungi are being imbued with almost mythical attributes as a beneficial organism with transformative powers in many narratives – including ones from the fashion industry. Products are being promoted as if they were already widely available. However, the available information is ambivalent and might raise some doubt as to the material’s market readiness and/or its overall sustainable effect. For this paper, I will analyse the information economy, celebratory narratives and mushroom materials from experimental fungus-growing experiments. I will examine closely the range of materialities around the phenomenon of fungus ‘leather’.

SOCIAL MEDIA TOOLS: A BIBLIOMETRIC ANALYSIS BASED ON WEB OF SCIENCE DATA (2000-2023)

The concept of social media tools has gained the function of an umbrella concept by forming a word pool by shaping the action according to the subject and object, in a rich structure in terms of grammatical categories that regulate the relationship between the action and the participants in the event described in the action, and basically the relationship of the action with the participants in the event. The concept of social media tools and their use, which is used as a socio-economic element or content in many fields such as information technologies, education, communication, public relations, advertising, marketing, health, business, economy, finance and banking, politics, etc., has recently been the subject of many academic research and numerous studies in the literature. Due to the intricate and complex nature of the concept of social media tools, performing a bibliometric analysis of intertwined research topics will provide a panoramic perspective to researchers and organizations in different disciplines. The research aims to evaluate the status of the concept of social media tools in the international literature within the framework of descriptive analysis through document review method. For this purpose, after searching the Web of Science database and the necessary limitation procedures, a total of 26,283 published scientific studies published between 2000 and 2023 that include the concept of social media tools in their research, title or keywords or have the content of social media tools were accessed. A total of 26,283 scientific studies constituted the sample of the survey. A total of 26,283 scientific studies with social media tools content were analyzed with the VOS viewer program to determine the scientific categories and orientation of interest in the subject of social media tools, and the prominent country, organization, author and keyword concept units were reached with the publication-citation mapping technique. As a result of the research, it was determined that articles ranked first in terms of document type in social media tools research, and there has been a steady increase in the number of studies since 2013 in parallel with the widespread use of social media tools worldwide. Again, since the studies on social media tools are generally co-authored, the existence of a high level of collaboration index in the fields of survey draws attention.

Dialogue between the concept of the Industrial-Economic Healthcare Complex and the Brazilian Political Economy of Information, Communication and Culture

dialogue between the concept of the Industrial-Economic Healthcare Complex and the Brazilian Political Economy of Information, Communication and Culture

O ensino e a aprendizagem não cabem em algoritmos: relato docente sobre o fetiche da inteligência artificial

This is a teaching experience report on the “Ethics and information” course at a federal university. Its first section describes its theoretical foundation, based on Álvaro Vieira Pinto’s cybernetics and the political economy of information and communication. Its second section discusses the course participatory methodology inspired by Paulo Freire (Vieira Pinto’s student), which resorted to multimedia didactic, self-assessment, dozens of student seminars, and a final open essay. As its main result, dialogic education confirms students’ unreasonable fascination with texts generated by artificial intelligence, along with the unpreparedness of the institution to address this new challenge.

The Role of DIKWP Assets in Shaping Economic Systems and Implications for an Intelligent Consultant System in Real Estate Investment

Traditional economic theory revolves around information asymmetry, where some possess more knowledge than others. However, the digital age is upending this paradigm. This research proposes a groundbreaking shift: a transition from an Asymmetric Information Economy to a Symmetric Knowledge and Wisdom Economy, fueled by the ubiquitous availability of data and digital communication. The shifting is worked through DIKWP-12 Chains framework (Data-Information-Knowledge-Wisdom-Purpose), which serves as a key pillar supporting this paradigm shift. It integrates Data, Information, Knowledge, Wisdom, and Purpose into a unified semantic processing approach. This novel approach empowers us to navigate this transformative era. Furthermore, this study goes beyond theory by leveraging the DIKWP chains to construct an Intelligent Consultant System for Real Estate Investment. This system analyzes customer behavior data and captures the wisdom behind their purchasing decisions, offering a unique and data-driven approach to real estate investment consulting.

E-Commerce on Emerging Markets

In the foreseeable future, the impact of e-commerce on the economy is poised to be significant, reshaping the landscape of global business irreversibly due to the ubiquitous presence of the Internet. Particularly, the banking sector stands to undergo major transformations in the 21st century as a result of e-commerce’s influence. Across various economic sectors, e-commerce has wielded substantial effects, most notably driving worldwide productivity growth. Nations are now strategically assessing the workforce and investment needed to bolster their information economies and enhance business access to internet connectivity, positioning themselves for heightened productivity and competitiveness on the global stage. However, the exact mechanisms driving these outcomes remain somewhat opaque. Notably, banks and financial services in emerging markets are anticipated to require robust online payment systems to secure e-trade financing and equity investment, particularly in burgeoning sectors like tourism.

Логіка трансформації розподільчих відносин при переході від індустріально-ринкової до інформаційно-мережевої економіки

The article elucidates the logic of the transformation of distribution relations in the transition from an industrial market to an information and network economy. It is demonstrated that information becomes the primary product and resource of production, which can be accessed by everyone. This transformation establishes new property relations and alters the relationship between production and consumption, where a single product can be sold multiple times in the market, thereby contributing to the increase in income inequality and the appearance of new patterns in distribution relations. This dynamic impacts the economic structure of society, wealth distribution, and resource accessibility, significantly influencing the socio-economic development of the country. Attention is drawn to the contradictory impact of new technologies on the mechanism of distributional relations. On one hand, they can enhance productivity, but on the other hand, they may exacerbate inequality as certain segments of the population may remain excluded from the opportunities afforded by new technologies. Therefore, it is crucial to consider not only the benefits but also the risks associated with the adoption of new technologies to ensure a fair and sustainable societal development.

Trends towards Improving Criminal Liability Measures in the Field of Illegal Circulation of Payment Instruments

The disposition of Art. 187 of the Criminal Code of the Russian Federation, a substantive analysis of its provisions was carried out from the point of view of certainty, the regulations provided for in it, as well as the consistency of the provisions formulated in the criminal law norm with the doctrine of criminal law protection of the legal circulation of means of payment. The work reflects the results of forensic investigative practice, indicating that the high degree of blanketness inherent in Art. 187 of the Criminal Code of the Russian Federation, can be considered as one of the circumstances influencing the insufficient certainty of the disposition of the article. The author confirms his position on the importance and relevance of precise and complete legal regulation of the field of information security for the information economy of the Russian state using the example of the provisions of the most important strategic documents. At the same time, the scope of application of Art. remains controversial to this day. 187 of the Criminal Code of the Russian Federation, the possibility of qualifying it in combination with other compounds, as well as the legal certainty of the disposition of the norm.

Information economies with taste diversity and bounded attention spans

We consider an economy with a countably infinite number of consumers and pure public information goods. Each of these differentiated products is produced by a single monopoly firm that enters the market if it can cover costs. Thus, the product space is endogenous. We assume that the population of agents has diverse tastes, but bounded attention spans for content. We show that this implies that at all Pareto efficient allocations, all agents consume a finite number of public goods, and that each public good is consumed by a finite number of agents. In effect, these two taste assumptions turn pure public goods into what amount to club goods, despite the lack of rivalry in consumption or crowding of any type. Unfortunately, the equilibrium outcomes of Tiebout-like competition between public good providers do not satisfy the First Welfare Theorem. Even non-anonymous Lindahlian price systems are not sufficient to signal all profit opportunities to firms. We conclude that information markets are likely to be inefficient, and there will always remain opportunities for economic profits in an information economy.

Changing the paradigm of agricultural business development based on Industry 5.0 Technologies

The article is devoted to the generalization of the main provisions of the leading economic theories in the field of investment, the main stages of the development of the investment process research theory are systematized. The purpose of the article is to study the evolution and systematization of the theoretical foundations that reveal the essence of investment relations, and their deepening of the theory in the context of the concept of sustainable development actualization, the knowledge economy, and the formation of the information economy. It has been proven that there is a close internal connection between investments and innovations, leading investments in ensuring economic growth and the transition to the technological structure of Industry 4.0, implementing structural and institutional transformations, digitizing the investment process, overcoming the negative impact of the Covid-19 pandemic, military conflicts, etc. The author critically reviewed the position of the leading economic schools in the field of investment and made a conclusion regarding the development of the investment activity research theory, as well as changes in the investment behavior of business entities. The methodological approaches of the classical, neoclassical, Keynesian, and institutional economic schools, which are set forth in the theories of investment and accumulation, are systematized, revealing the issue of the investment process transformation under the influence of endogenous and exogenous factors. It was concluded that the investment process of reproduction of social capital, on which economic development is based, changes within the historical transformation of the entire system of economic relations, which led to the improvement of investment quality in accordance with the challenges of the economy industrial development. It has been proven that the system-synergistic methodology has the highest level of validity and effectiveness for researching the investment category, as it allows to deepen the understanding of the investment category. The author emphasizes that the system-synergistic methodology takes into account the information and ecosystem nature of the modern investment process, which reflects the non-linear trends of movement and development of the economic system, and is also a mechanism for innovation by business entities. It is substantiated that investment is an independent economic category, which represents the process of accumulation and extended reproduction of social capital, which are considered as a single integrated complex system. It is argued that investments represent a complex multi-level, multi-subject and multi-object system of relations regarding the accumulation of social capital in the national economy. It has been proven that the development of investment processes at the macro-, meso-, and micro levels in modern conditions requires the creation of an appropriate ecosystem for the organization of the investment process, the effective functioning of which is achieved under the condition of full satisfaction of all stakeholders interests. It was highlighted that in the context of the actualization of the sustainable development concept, circular and green economy, it is necessary to ensure the implementation of sustainable investment in order to increase socially responsible economic development based on ESG development standards. Key words: investment theories, investment process, investment, investment ecosystem, sustainable investment, digitalization.

Theoretical basis of investments and investment activity research

The article is devoted to the generalization of the main provisions of the leading economic theories in the field of investment, the main stages of the development of the investment process research theory are systematized. The purpose of the article is to study the evolution and systematization of the theoretical foundations that reveal the essence of investment relations, and their deepening of the theory in the context of the concept of sustainable development actualization, the knowledge economy, and the formation of the information economy. It has been proven that there is a close internal connection between investments and innovations, leading investments in ensuring economic growth and the transition to the technological structure of Industry 4.0, implementing structural and institutional transformations, digitizing the investment process, overcoming the negative impact of the Covid-19 pandemic, military conflicts, etc. The author critically reviewed the position of the leading economic schools in the field of investment and made a conclusion regarding the development of the investment activity research theory, as well as changes in the investment behavior of business entities. The methodological approaches of the classical, neoclassical, Keynesian, and institutional economic schools, which are set forth in the theories of investment and accumulation, are systematized, revealing the issue of the investment process transformation under the influence of endogenous and exogenous factors. It was concluded that the investment process of reproduction of social capital, on which economic development is based, changes within the historical transformation of the entire system of economic relations, which led to the improvement of investment quality in accordance with the challenges of the economy industrial development. It has been proven that the system-synergistic methodology has the highest level of validity and effectiveness for researching the investment category, as it allows to deepen the understanding of the investment category. The author emphasizes that the system-synergistic methodology takes into account the information and ecosystem nature of the modern investment process, which reflects the non-linear trends of movement and development of the economic system, and is also a mechanism for innovation by business entities. It is substantiated that investment is an independent economic category, which represents the process of accumulation and extended reproduction of social capital, which are considered as a single integrated complex system. It is argued that investments represent a complex multi-level, multi-subject and multi-object system of relations regarding the accumulation of social capital in the national economy. It has been proven that the development of investment processes at the macro-, meso-, and micro levels in modern conditions requires the creation of an appropriate ecosystem for the organization of the investment process, the effective functioning of which is achieved under the condition of full satisfaction of all stakeholders interests. It was highlighted that in the context of the actualization of the sustainable development concept, circular and green economy, it is necessary to ensure the implementation of sustainable investment in order to increase socially responsible economic development based on ESG development standards. Key words: investment theories, investment process, investment, investment ecosystem, sustainable investment, digitalization.

Language and literature in the information economy: the state of English, English and the state

The impact of colonialism and empire and then of transport, logistics, advertising, media, cinema, radio, tourism, and the internet extended the global reach of English. With 1.13 billion speakers, one in seven in the world now has some English competence. Within this global circulation of English, we have the global teaching of English language and literature, most recently captured for Britain in a June 2023 British Academy report, the relevant findings of which are the decline in the information age and under neoliberal governments of university students reading English Literature and the rise of Creative Writing and world literatures in translation. I distinguish global from world Englishes as the hegemonic language of global trade and finance from more bottom-up Englishes mixed with other languages on the streets; discuss the state of English studies globally; and propose decolonising and denationalising the curriculum. The notion of national languages, identifying a language with national unity, is a very modern idea, only about three centuries old and arising with the formation of modern nation-states. We might use the lived histories of global and world Englishes to transcend both romantic revolutionary and far-right exclusionary nationalisms in literary and language studies in favour of more cosmopolitan, multilingual, and convivial approaches.