Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020) 2020
DOI: 10.2991/aebmr.k.200312.443
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Digitalization as a New Stage in the Formation of Economic Relations

Abstract: From barter system trading, to paper currency and now to digital economy, the global economy has come a long way. With enhanced technology, the digitization has spurred the communication between people. People can interact with each other, and thus, the effect is quickly observed in the economy. The country-to-country enhanced communication has sped up the economic activity. The countries are using the digitized technology the make their countries prosperous for the business environment. Seeing all of this, th… Show more

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Cited by 10 publications
(7 citation statements)
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“…The study of economics developed a structural framework for analysing, researching and writing a wide variety of financial and regional economic challenges (Mentsiev et al, 2020a). Economy has presented me with a methodology to understand and understand our complex world (Dzhangarov et al, 2020).…”
Section: Purpose Of the Studymentioning
confidence: 99%
See 1 more Smart Citation
“…The study of economics developed a structural framework for analysing, researching and writing a wide variety of financial and regional economic challenges (Mentsiev et al, 2020a). Economy has presented me with a methodology to understand and understand our complex world (Dzhangarov et al, 2020).…”
Section: Purpose Of the Studymentioning
confidence: 99%
“…Both theoretical and empirical economic research can provide useful lessons in actions and relationships in person and aggregate and help society make more productive use of finite capital (Rostova et al, 2019). Economics is ultimately aimed at improving people's lives in their daily lives (Mentsiev et al, 2020a). The rise of the gross domestic product is not just a game of percentages (Magomadov, 2020a).…”
Section: Purpose Of the Studymentioning
confidence: 99%
“…Several papers have deemed that the digital transformation of public agencies and types of digital tools used by employees affects the organizational readiness to embrace data science and analytics, enabling a step forward towards data-driven cultures (da Rosa & de Almeida, 2018; Gong, et al, 2020;Han et al, 2020;Merhi & Bregu, 2020;Reis et al, 2018;Seres et al, 2018). Others have stressed the importance of enhancing employees' competence in regard to data science, analytical thinking, and data analytics (Mentsiev et al, 2020;van Ooijen et al, 2019;Veale & Brass, 2019). Another study (Shahbaz et al, 2019) in the Pakistani healthcare sector investigated the effect of the individual employee's task-technology fit as a predictor for data analytics adoption.…”
Section: Figure 3�mentioning
confidence: 99%
“…As online competition is increasing, businesses are doing their best to offer low prices to consumers, which puts downward pressure on the price of goods. People can now showcase their products on giant e-commerce platforms such as Alibaba and Amazon, and they can access international markets as well (Charbonneau et al, 2017;Mentsiev et al, 2020).…”
Section: Introductionmentioning
confidence: 99%