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

Abstract

Research background: In modern conditions of the digital transformation of the economy, digital data are key factors in the development of the socio-economic sphere. Inevitably, the digitalization process is accompanied by the development and transformation of human resources, the formation of a knowledge economy, which leads to serious changes in social relations, the economic sphere and the labor market both at the state level and at the level of regional systems. The scientific interest in the research topic is due to the fact that effective strategic management of the region, the possibilities of its socio-economic development are largely determined by the development of the digital economy at the regional level. Purpose of the article: development of a model of digital transformation at the regional level, which will improve the quality of strategic management based on the results. Methods: a method of theoretical analysis of the sources of the studied problem, an illustrative-graphic method, general scientific methods of cognition (synthesis, generalization). Findings & Value added: Currently, digital transformation penetrates into all areas, including socio-economic, financial, public administration. Therefore, the mechanism of strategic management of the region should be based on digitalization technologies. In this article, the author reviews foreign and domestic studies on the introduction of modern digital technologies in public administration. The article discusses the existing digital platforms designed to improve the efficiency of the processes of program-targeted and design-targeted management of budgetary resources. Effective strategic management of the development of the region in modern conditions is possible taking into account the processes of digital transformation. Based on the study, the author constructed a model of digital transformation at the regional level, characterized its main elements.

The impact of the COVID-19 pandemic on digital globalization

“…They stipulate that the emergence of large research centers would allow the region to become a leader in the scientific and technical process and ensure the implementation of state programs in the field of information technology and an innovative environment. In this way, human capital can be built to work in these centers and which would provide an investment flow both in the ICT sector itself and in the related sectors of the economy (Prikhodchenko et al, 2021).…”