Digital economy in developing countries: problems and prospects

Abstract

The purpose of this study is to develop the principles for building a digital economy in developing countries. It is shown that the priority task of the socioeconomic development of these countries is the creation of a digital economy. The features of the development of the digital economy are highlighted, which include the presence of intellectual assets, the increasing importance of data, the network organization of business, the widespread adoption of the Internet and the global nature of data exchange. The tools for solving the problems of the digital society are defined, which include digital platforms for the development of a "share economy", as well as cloud technologies and methods for processing large databases. The principles of building skills development systems in terms of digitalization are formulated, among which are rational use of resources, combining short-term and long-term development goals, lifelong learning, systematic approach, a unified approach to management at different levels of government and involvement of all stakeholders in the digitalization process.

Digital platforms and development: a survey of the literature

“…DPs also create value for consumers through the provision of convenience and flexibility (Semyachkov 2019). The available evidence shows that DPs have transformed value creation from company-based to a 'mutual value co-creation processes' mainly between customers and service businesses (Hein et al 2019;Schmidt et al 2019).…”

“…These multi-sided platforms and interactions have the potential to generate innovations, generate enhanced customer experiences, and hence additional profits. These further facilitate knowledge flows and foster collaborations and recombination of knowledge to create new collective value, new market places, and improved efficiency in older markets, but also new opportunities for businesses and consumers to extract value (Semyachkov 2019).…”