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Strategies of Human Development in the Context of Global Digital Change

Author

Listed:
  • Pawel Maciaszczyk
  • Mykhailo Dyba
  • Iuliia Gernego

Abstract

Despite the fact that people are living in the early days of the upgrading digital economy, in the recent years, it has already had a huge impacts on their human development and the evolutionary progress of the modern society. The main problems that need to be solved are developing innovative strategies to manage human development and to consider the digital change influence. The current research purpose is to define an available institutional background to create different strategy models for human development under the condition of global digital change in Ukraine. The article is based on international indicators of human development and digital change in Ukraine, which has been analyzed to define current national economy positions and calculate probable strategies. The main constitutive characteristics, features, and functions of human development components are defined. The dynamic and static analysis of national human development positions is made (HDI, HCI, PI). The strengthening, neutral and weakening of national economy are researched (SNW analysis). A framework of macro-environmental factors for human development in the area of digital change is scanned (PEST analysis). The above mentioned strategic models create basic to calculate possible innovative strategies probabilities under conditions of global digital change (Transition matrix of Markov chain). The innovative human development and digital change strategies are represented within one-side, balanced and prevail models. The strategic national priorities realization is possible in case of balanced models both for human development and digital change realization in Ukraine.

Suggested Citation

  • Pawel Maciaszczyk & Mykhailo Dyba & Iuliia Gernego, 2019. "Strategies of Human Development in the Context of Global Digital Change," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 10-24.
    • Handle: RePEc:bas:econst:y:2019:i:5:p:10-24
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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