How should we understand the digital economy in Asia? Critical assessment and research agenda

Abstract

Highlights The realization of the digital economy in the Asian nations is due to the need to revamp traditional business processes, extensive technology innovation, supportive government policies for economic growth, and the high capacity for digital entrepreneurship. Research opportunities may be related to the components of “digital economy and society index” (DESI) scores. New research directions are prompted by big data analytics, artificial intelligence (AI), platform economy, digital trade, fintech innovation, and societal and economic sustainability. The recent emergence of the COVID-19 pandemic around the world calls for addressing new research directions that could stay after the pandemic has ended.

Models of Regional Development in Russia: Level of Industrialisation and Innovative Performance

“…With the advent of the Fourth Industrial Revolution, the issues of introducing innovations into the business models of enterprises through digital transformation are relevant (van Tonder et al, 2020). Everywhere and in Asian countries, in particular, technological innovations are considered as the basis for updating and adapting the business processes of manufacturing companies to the challenges of the digital economy (Li et al, 2020).…”

Production Strategy Selection Based on Diagnostics of the Economic Potential of an Industrial Enterprise

“…In particular, it is possible to highlight the strategic emphasis (Kaletnik et al, 2011), the emphasis of state influence on the formation of the economic potential of the industrial complex (Savchenko, 2015), the emphasis on measuring the regional economic potential (Shcherbakova, 2018), but this does not change the general resource vision of the studied category. In modern conditions of neo-industrialization, the prospects for the growth of the economic potential of industrial enterprises are associated with:  An increase in the effectiveness of partnerships, including with participation in industrial clusters (Lis, 2020;Rastvortseva, 2014;Tinyakova et al, 2020), with an increase in the level of concentration of production in the region (Nurlanova, 2017), with an increase in the productivity of interaction of industrial enterprises with universities (Johnston and Wells, 2020), anchor entrepreneurs (Ferriani et al, 2020) and other subjects of the innovation environment (Doroshenko et al, 2019), with an increase in the degree of integration of enterprises in supply chains and an increase in the satisfaction of partners (Minovski et al, 2021), with the intensification of export activities (Cai et al, 2020) and import substitution (Smirnov et al, 2019), with an increase in the integration climate of countries (Starikova et al, 2018);  An increase in the efficiency of the use of resources, including non-renewable ones (Ferrannini et al, 2020), which is achieved based on digital transformation (van Tonder et al, 2020), the introduction of technological innovations into production (Li et al, 2020), improving the quality of higher professional education (Hariharan and Biswas, 2020), improving human capital (Hu, 2021), lean, computer-integrated production, socially-oriented and production with high added value (Hitomi, 1997). The methods used in scientific works to assess the economic potential of an industrial enterprise are based on the aggregation of private indicators, which are converted to an index, point, or rank form to ensure comparability.…”

Peran ekonomi digital terhadap hubungan ASEAN-Korea Free Trade Area (AKFTA)

“…AKFTA merupakan bentuk kerjasama perdagangan ASEAN dengan Korea yang mampu meningkatkan perekonomian dan kesejahteraan kedua negara (Darma & Hastiadi, 2017). Dalam pelaksanaannya, AKFTA menyematkan teknologi dengan "integrasi komplementer" untuk menghubungkan faktor-faktor produksi ekonomi digital dengan aktivitas non-produktif (Li et al, 2020) Adanya teknologi memungkinkan bentuk-bentuk baru perilaku kognitif oleh penggunanya (Bandura, 1977). Ekonomi digital mencerminkan dominasi informasi dan komunikasi sebagai fondasi kegiatan ekonomi berbasis teknologi dimana faktor kunci produksinya adalah data digital.…”