Economic security in the context of the transport economics digitalization

Abstract

The article explores the phenomenon of digitization as a trend of modern economic development. The digital economy is recognized worldwide as the most important engine of innovation, competitiveness and economic growth. The features of the modern digital economy are determined. The main indicators of measuring the level of the digital economy have been analyzed, leaders among the countries of the world have been identified. Highly developed countries have the best level of digitization of their economies. State support for the digital economy can become a driver of economic growth and acceleration of social and economic development. Digital technology and digital services continue to be embedded in all aspects of our lives; the financial sector and transport are not exception. Both traditional banks and new technology financial companies are actively working with digital technologies. This gives them competitive advantages. New technologies provide an opportunity to develop new financial services. There is a risk in this. With new services comes the destruction of old financial services. This can lead to customer loss, losses and other negative consequences. Digital transport technologies also have great potential for application. They reduce transaction costs and improve the quality of transport services. At the same time, digitalization poses challenges to the sustainability and economic security of credit institutions and transport organizations. New measures must therefore be taken to ensure economic security in these sectors of economy.

Financial Support for High-quality Development in the Context of Digital Economy

“…Finance can accurately identify the important technologies of these manufacturing companies, and it also minimizes the risk of financing innovation. Finance can allocate resources to companies with a high potential for market development and determine the market position and market prospects based on manufacturing operations [18].…”

State management of economic security in the field of transport at the national level

“…At the same time, digitalization of transport creates additional risks that can devalue all the advantages of the transition to digital technologies, for example, information leakage, supply disruptions due to errors in automatic calculations. Thus, the mass digitalization of the economy and public life is becoming a challenge to the traditional system of ensuring the economic security of transport, imposing new requirements for ensuring sustainable and uninterrupted provision of transport services [3].…”