Economics and management of national economy

Government socio-economic policy under the digital economy in the foreign countries and Russia

Economic Annals-XXI

Economic Annals-ХХI: Volume 180, Issue 11-12, Pages: 88-96

Citation information:
Trusova, N. (2019). Government socio-economic policy under the digital economy in the foreign countries and Russia. Economic Annals-XXI, 180(11-12), 88-96. doi: https://doi.org/10.21003/ea.V180-10

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Natalia Trusova
PhD (Economics),
Associate Professor,
Department of Economic Security and Taxation,
Faculty of Economics and Management,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
sonya78@yandex.ru
ORCID ID: http://orcid.org/0000-0002-1582-7356

Government socio-economic policy under the digital economy in the foreign countries and Russia

Abstract. Socio-economic policy is described in the research as an effective tool of economic change. Goals and objectives, effects and implementation mechanisms of various socio-economic policy types which are based on the analysis of modern foreign and Russian development and implementation practices are discussed in the article. Comprehensive analysis of main methods of the government economic regulations is presented. Their effectiveness and influence on the economic development of the country is assessed.

The state and growth rates of the digital economy in different countries have been analysed (data of Global Cybersecury Index, Digital Evolution Index, IMD World Digital Competitiveness Ranking, Bloomberg Innovation Index were used). Key areas of interaction between economic policy actors of the state have been identified for the purpose of ensuring economic security and threats’ neutralization for the effective performance of their functions within a single economic system. Statistical indicators of the world digital technologies market, macro-technologies, knowledge-intensive products are analysed. Risks of the digital economy are highlighted, in particular: risks of cyber-attacks, cyber-threats, cyber-crimes, computer terrorism, Internet hacking and fraud, information leakage, unemployment growth as a result of automation of production and usage of robots and others.

Current problems of the government economic policy under the digital economy and the main obstacles to its effective implementation are identified. Slow development and implementation of new technologies, low level of the digitalization, and lack of specialists in the field of information technologies and, as a result, a small share of the digital economy in the GDP of the country are of special attention.

Keywords: Economic Policy; Digital Economy; Digital Technologies; Innovative Potential; Investment Activity; Tax Policy; Economic Growth

JEL Сlassіfіcatіon: О41; Е22; Е27

Acknowledgements and Funding: The author received no direct funding for this research.

Contribution: The author contributed personally to this work.

DOI: https://doi.org/10.21003/ea.V180-10

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Received 24.11.2019
Received in revised form 30.11.2019
Accepted 5.12.2019
Available online 30.12.2019

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