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.

The Role of Foreign Direct Investment In The Relationship Between Global Innovation Index and Gross Domestic Product

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Modern Trends in the Development of the Regional Economic Management System in the Context of Digital Globalization

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