“…Based on the leading countries and developing countries highlighted in the article, the stages of development of the digital economy in the USA (Alpackaya & Alpackiy, 2018;Mueller et al, 2017), Europe (Milošević et al, 2018), Indonesia (Bryukhovetskaya et al, 2020;Tayibnapis et al, 2018), Malaysia (Avazov & Abduraxmonov, 2020;Bulturbayevich & Jurayevich, 2020), Thailand (Malisuwan et al, 2016;Wongwuttiwat & Lawanna, 2018) and Germany were analysed in more detail (Pols et al, 2019). Based on the analysis of the positive and negative aspects of using various approaches to expanding the digital economy, a study of its formation in Russia was conducted (Azman et al, 2014;Babkin et al, 2017;Borremans et al, 2018).…”