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Digital Economy Within The Eurasian Economic Union: Current State And Development Prospects

Author

Listed:
  • Dinara B. KALYBEKOVA

    (Senior Lecturer at the Department of Finance and Accounting, University of International Business, Almaty, Republic of Kazakhstan)

  • Galiya N. SANSYZBAYEVA

    (Professor at the Department of Management, Al-Farabi Kazakh National University, Almaty, Republic of Kazakhstan)

  • Madina O. KOISHYBAEVA

    (Senior Lecturer at the Department of Management and Foundations of Law, Kazakh National Women's Teacher Training University, Alma-Ata, Republic of Kazakhstan)

  • Tolkyn OSPANBEK

    (Senior Lecturer at the Department of Management and Foundations of Law, Kazakh National Women's Teacher Training University, Alma-Ata, Republic of Kazakhstan)

  • Aitolkyn B. KULMAGANBETOVA

    (Senior Lecturer at the Department of Management and Foundations of Law, Kazakh National Women's Teacher Training University, Alma-Ata, Republic of Kazakhstan)

Abstract

Theoretical ideas about the influence of growing information flows on the current socio-economic system can be found in the concepts of the post-industrial and information society. Changes in production processes, the reorientation of production with the development of material goods for the provision of services, the globalisation of the economy are noted by theorists of the digital community as more fundamental properties of the newest type of society, caused by informatisation. The digital era is defined by continuous streams of data containing information, knowledge, ideas, and innovation. Global digital transformation (digitalisation) has changed not only the economic, but also the social vision of the world. The rapid growth of high-tech production is a key development trend in the modern world industry. However, the situation in developing countries as well as in “countries with economies in transition” differs from that in developed countries. Accordingly, the purpose of the study is to analyse digital transformation in the socio-economic aspect of the countries of the Eurasian Economic Union. The readiness of the countries of the Eurasian Economic Union (EAEU) as a whole for the digital transformation of the economy and society. Within the framework of the study, the main theoretical approaches to understanding digitalisation and its main processes are identified, the opinion of various authors regarding the understanding of the category of digitalisation and digital transformation of the economy is presented. The trends of digital transformation of both the Eurasian Economic Union and in the context of the participating countries, the main prerequisites and main difficulties in this process are considered, the main problems are identified, and the main prospects are also considered. Prospects for further research are conditioned by the subsequent study of the trends in digital transformation of the EAEU countries, considering the differentiation of the EAEU countries by the level of industrial development, as well as by the degree of lagging behind the global transition trends. The study is of practical value within the framework of summarising data on the main directions of digital transformation development, as well as on the existing difficulties in the EAEU countries regarding this process.

Suggested Citation

  • Dinara B. KALYBEKOVA & Galiya N. SANSYZBAYEVA & Madina O. KOISHYBAEVA & Tolkyn OSPANBEK & Aitolkyn B. KULMAGANBETOVA, 2021. "Digital Economy Within The Eurasian Economic Union: Current State And Development Prospects," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 31-48, June.
    • Handle: RePEc:hrs:journl:v:xiii:y:2021:i:1:p:31-48
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    References listed on IDEAS

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    1. Aikaterini KOKKINOU & George KORRES & Panagiota DIONYSOPOULOU, 2018. "Investment In Innovation And Education: An Efficiency Benchmarking Analysis In Europe," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(3), pages 147-152, December.
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    Cited by:

    1. Vita HAVRYLIUK & Andrii HROMYK & Ivan SEMENETS & Tetiana PYLYPIUK & Rostislav MOTSYK & Anna KOSTYAKOVA, 2021. "Digitalization Of Territorial And Economic Systems At The Regional Level," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 209-226, June.
    2. Ermira KALAJ & Erjola BARBULLUSHI, 2023. "How And How Much Digitalization Affected Enterprise Performance During Covid-19 Pandemic," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 97-108, June.
    3. Nadezda Vasilievna SEDOVA & Lidia Sergeevna ARKHIPOVA & Darya Mikhailovna MELNIKOVA & Irina Fedorovna ALESHINA, 2022. "Digitalization Of Economy And Living Standards Of Population In Russian Regions," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 47-65, June.
    4. Toleu PANIYAZ & Kargash ZHANPEIISSOVA & Oralbay KABUL & Aigul AMANTAYEVA, 2021. "Strategic Priorities Of The National Policy Of The Republic Of Kazakhstan On The Development Of Regions," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 83-92, June.

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    More about this item

    Keywords

    Industry 4.0; digitalisation; business structures; digital transformation; national economic systems.;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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