Digitalization of the social and economic processes in the Russian economy: the current situation and directions of development

Abstract

Widespread digitalization, automation and implementation of appropriate technologies is a natural and expected process, and therefore inevitable. By reducing information search costs, digital technologies significantly reduce the cost of economic and social transactions for firms, individuals, and the public sector. Digital technologies stimulate innovations, minimizing transaction costs. They increase efficiency: existing activities and services become cheaper, faster and more convenient. Finally, they promote integration: people get access to previously unavailable services. At the same time, in terms of digitalization, Russia is currently inferior to a number of developed countries, ranked in the third ten countries. But experts agree that Russia has necessary potential for digitalization. This potential can be realized through combining planned and market approaches with the preference to the planned approach. It is important to understand that digital technologies serve the real economic sector. Thus, the transition towards a digital economy is impossible without the developed manufacturing sector and industry. The integrated approach will allow being able to achieve large-scale digitization of social and economic processes in Russia.

Electronic commerce in Russia: problems and prospects of development

“…Nowadays government programs and strategies for the development and stimulation of digital technologies have been developed and are being implemented in almost all developed countries of the world [4]. According to the official data of the European Commission on March 2017, there were more than 30 national and regional initiatives for industrial digitalization just in the EU member states.…”

Does the Digital Economy Promote Domestic Non-Tradable Sectors?: Evidence from China

“…The DE improves production Catalyzing new technology revolution [23] Wu & Yu, (2022) Supervision measures for enterprises [24] Sun et al, (2020) Accelerating rural economic development [25] Couture et al, (2021) Lifting enterprise total factor productivity [26] Hua et al First, the digitalization trend motivates the firms with a new tech revolution and advanced productivities. Vigorously developing the DE, as represented by artificial intelligence, big data, 5G technology and cloud computing, is the major priority of economic development competition in all economies [34]. Facing to the new round of the technological and industrial revolution [23], application of big data and information technology could further improve supervision measures for enterprises [24], compensating for the deficiency of traditional economic indicators [35] and promoting rural economic development through e-commerce [25], which further narrows the gap in regional economies.…”

“…Given the decreasing search costs that the DE brings, the quality of export products is upgraded because firms are able to purchase cheaper intermediate goods [33]. For small and medium-sized enterprises, areas with higher levels of Internet penetration and better DE development are trade priorities [34].…”

Problems Of Uneven Development Of The Digital Economy In The Russian Regions

“…The indicator reached 2% again (HSE, 2017).Currently, in terms of digitalization, Russia is inferior to a number of developed countries, ranked in the third ten countries. But experts agree that Russia has necessary potential for digitalization (Minakova, Parkhomchuk, & Bukreeva, 2019). Numerous studies have proved the significant impact of the use of digital technologies on the innovative development of territories, ensuring their socio-economic development and competitiveness (Grachev & Donichev, 2019).…”