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Prospects for Russia Under the Digital Domination of China and the United States

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  • V. E. Dementiev

    (Central Economics and Mathematics Institute, Russian Academy of Sciences)

Abstract

— The article discusses the opportunities and risks for Russia in a situation where China and the United States are claiming world leadership in the development of digital technologies. It is shown that the specifics of competition in the markets of digital goods encourage countries that claim to dominate in these markets to accelerate actions that require large resources. The scale of investments by Russia, China and the United States in artificial intelligence (AI) technology is compared. The difficulties of ensuring the digital sovereignty of our country in the formation of two digital ecosystems in the global economy, led by China and the United States, are discussed. Promising areas of competence of Russia are identified, which retain the possibility of leadership for it with limited resources.

Suggested Citation

  • V. E. Dementiev, 2022. "Prospects for Russia Under the Digital Domination of China and the United States," Studies on Russian Economic Development, Springer, vol. 33(4), pages 359-366, August.
    • Handle: RePEc:spr:sorede:v:33:y:2022:i:4:d:10.1134_s1075700722040037
    DOI: 10.1134/S1075700722040037
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    References listed on IDEAS

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    1. N. A. Ganichev & O. B. Koshovets, 2021. "Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic," Studies on Russian Economic Development, Springer, vol. 32(1), pages 11-22, January.
    2. V. E. Dementiev, 2021. "The value chain facing the challenges of digitalization and the economic downturn," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 3.
    Full references (including those not matched with items on IDEAS)

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