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The Main Indicators Of The Economy Digital Transformation In The Context Of New Approach To Sustainability

Author

Listed:
  • Inese TRUSINA

    (Latvia University of Life Sciences and Technologies, Jelgava, Latvia)

  • Elita JERMOLAJEVA

    (Latvia University of Life Sciences and Technologies, Jelgava, Latvia)

Abstract

The paper focuses on key questions to the contemporary challenges call for a shift from the current linear economic model to models that will see nature as a life support system for social prosperity within the ecological economy paradigm and digital transformation. The aim of the article is to present the model of open non-equilibrium socio-economic complex system and its sustainability conditions formalization in terms of an invariant coordinate system. As well as to present the results of a formalization of sustainable development monitoring using the energy flows changing analysis approach, and the impact of condition of digital transformation. The authors carried out an assessment of sustainable development and analyzed indicators of sustainable development and the level of digital and their correlation. When calculating the parameters, Eurostat data and UN databases were used. The authors presented the results and initial interpretation of the follow countries France, Sweden, USA, China, Russia. The paper reinterprets the significance of the digital transformation concept and further elaboration of the power approach for monitoring the socio-economic system development.

Suggested Citation

  • Inese TRUSINA & Elita JERMOLAJEVA, 2022. "The Main Indicators Of The Economy Digital Transformation In The Context Of New Approach To Sustainability," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9, pages 255-278, December.
    • Handle: RePEc:jes:eurint:y:2022:v:9:p:255-278
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    References listed on IDEAS

    as
    1. Inese TRUSINA & Elita JERMOLAJEVA, 2021. "The scientific discourse on the concept of sustainable development," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 12, pages 298-322, December.
    2. Sergey Glazyev & Aleksandr Ajvazov & Vladimir Belikov, 2018. "The Future of the World Economy is an Integrated World Economic Structure," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 1-12.
    3. Fritjof Capra & Ove Daniel Jakobsen, 2017. "A conceptual framework for ecological economics based on systemic principles of life," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 44(6), pages 831-844, June.
    Full references (including those not matched with items on IDEAS)

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