Implementation of innovative digital technologies in the world

Economic Annals-ХХI: Volume 186, Issue 11-12, Pages: 28-35

Citation information:
Ershova, I., Obukhova, A., & Belyaeva, O. (2020). Implementation of innovative digital technologies in the world. Economic Annals-XXI, 186(11-12), 28-35. doi:

Irina Ershova
D.Sc. (Economics),
Associate Professor,
Professor of the Department of Finance and Credit,
Faculty of Economics and Management,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russian Federation

Anna Obukhova
PhD (Economics),
Associate Professor,
Department of Finance and Credit,
Faculty of Economics and Management,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russian Federation

Olga Belyaeva
PhD (Sociology),
Associate Professor,
Department of Finance and Credit,
Faculty of Economics and Management,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russian Federation

Implementation of innovative digital technologies in the world

Abstract. The authors define the goals of digital transformation of countries, highlight the main distinctive elements of their digitalization and classify factors that affect the speed of digital transformation. They assess the development level of digital economy in Russia, Ukraine and developed countries in 2007-2020 according to the International Digital Economy and Society Index (I-DESI) and the Global Innovation Index (GII). The authors provide information about changes in the ranking of individual countries according to the GII and identify top ten countries in each group. The authors compare the most popular innovative technological trends, present the expected payback periods for investments in digital solutions in Russia and the world and determine the barriers that hinder the development of digitalization in the countries and companies. The conducted analysis shows that against the background of a significant slowdown in the global economic growth, there are concerns about a reduction in R&D, venture capital and intellectual property.

Keywords: Digital Technology; Innovation Management; Digital Economy

JEL Classifications: O32; R11; P51

Acknowledgments: We thank the university administration, the dean of the Faculty of Economics and Management, the head of the Department of Finance and Credit for their support and assistance in the preparation of this article.

Contribution: I. G. Ershova provided general guidance, determined the concept and methodology of the article, conducted a critical analysis of the materials; A. S. Obukhova collected and processed information, prepared the initial version of the article; O. V. Belyaeva carried out the visualization and computer layout of the data in the text.



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Received 25.09.2020
Received in revised form 29.10.2020
Accepted 5.11.2020
Available online 28.12.2020
Updated version of the paper as of 22.02.2021