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Adaptation to the Risks of Digitalization: New Survival Trends for States in a Multipolar World

Author

Listed:
  • Julia V. Ragulina

    (Chair “Compliance and Controlling”, Peoples’ Friendship University of Russia, 117198 Moscow, Russia)

  • Vladimir F. Ukolov

    (Chair “Compliance and Controlling”, Peoples’ Friendship University of Russia, 117198 Moscow, Russia)

  • Oleg V. Shabunevich

    (Chair “Compliance and Controlling”, Peoples’ Friendship University of Russia, 117198 Moscow, Russia)

Abstract

The purpose is to study the new survival trends for states in a multipolar world, determine the successfulness of adaptation to the digitalization of different growth poles, and develop the applied recommendations to improve the practice of adaptation to the risks of digitalization of these growth poles. Design/methodology/approach. The authors use the methods of economic statistics: variation analysis, trend analysis, correlation analysis, and regression analysis. Findings. The commonness of strategies of adaptation to the risks of digitalization for different poles of the world economy is substantiated, and two universal mechanisms—talent management and development of science—are found. The originality of this research is due to the consideration of digitalization from a new view—from the positions of setting states at the brink of survival due to the aggressive digital competition and high complexity of ensuring global competition in a quickly changing digital landscape. The uniqueness of this research is due to taking into account the specific features in a multipolar world. The practical implementation of the offered recommendations opens future perspectives for more successful survival trends in a multipolar world and the improvement of their adaptation to risks digitalization by 69.91% in G7 countries (on average) and by 88.40% in BRICS countries (on average).

Suggested Citation

  • Julia V. Ragulina & Vladimir F. Ukolov & Oleg V. Shabunevich, 2021. "Adaptation to the Risks of Digitalization: New Survival Trends for States in a Multipolar World," Risks, MDPI, vol. 9(12), pages 1-21, December.
    • Handle: RePEc:gam:jrisks:v:9:y:2021:i:12:p:218-:d:693236
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    References listed on IDEAS

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    1. Matteo Foglia & Maria Cristina Recchioni & Gloria Polinesi, 2021. "Smart Beta Allocation and Macroeconomic Variables: The Impact of COVID-19," Risks, MDPI, vol. 9(2), pages 1-25, February.
    2. Vanita Tripathi & Amanpreet Kaur, 2020. "Socially responsible investing: performance evaluation of BRICS nations," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 17(4), pages 525-547, June.
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    Cited by:

    1. Zuzanna Zaporowska & Marek Szczepański, 2022. "Exploration of Lean Management Methods Used in Shared Services Centers, Drivers and Barriers to Process Selection for Improvements in the Light of Risk Management and ESG Reporting," Sustainability, MDPI, vol. 14(8), pages 1-20, April.

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