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Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic
Could the forced digitalization of multiple spheres of human life caused by the coronavirus pandemic lead to radical changes in the global and Russian economies? How and to what extent have ubiquitous lockdowns affected the digital transformation? The new model of the digital economy growth, formed...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Pleiades Publishing
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7893839/ https://www.ncbi.nlm.nih.gov/pubmed/33642845 http://dx.doi.org/10.1134/S1075700721010056 |
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author | Ganichev, N. A. Koshovets, O. B. |
author_facet | Ganichev, N. A. Koshovets, O. B. |
author_sort | Ganichev, N. A. |
collection | PubMed |
description | Could the forced digitalization of multiple spheres of human life caused by the coronavirus pandemic lead to radical changes in the global and Russian economies? How and to what extent have ubiquitous lockdowns affected the digital transformation? The new model of the digital economy growth, formed during the ongoing crisis, actually contributes to the accelerated development of secondary digital infrastructure (platforms and artificial intelligence technologies) through the creation of mass markets, the noticeably higher consumption in the field of ICT services, and the redistribution of a significant part of resources from other sectors. However, this digital forcing, within the framework of which traditional industries were placed in a deliberately losing situation due to artificially created circumstances, is taking place during a fundamental structural crisis of the global economy. Therefore, unlike the technological revolutions of the past, this one will have serious objective limitations associated with narrowed opportunities for the development of the primary digital infrastructure, without which extensive development of digital services and markets is impossible. In addition, further implementation of the adopted model of building a digital economy, based on the collection and processing of big data, is fundamentally impossible outside globalization processes and implies a significant imbalance between the new “world technological center” (the United States and China, who, however, are in a state of trade war) and the “world technological periphery.” For most other countries, including Russia, it means the need to “fit” into one of the two currently possible peripheral contours of the global digital transformation. |
format | Online Article Text |
id | pubmed-7893839 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Pleiades Publishing |
record_format | MEDLINE/PubMed |
spelling | pubmed-78938392021-02-22 Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic Ganichev, N. A. Koshovets, O. B. Stud Russ Econ Dev Economic Policy Could the forced digitalization of multiple spheres of human life caused by the coronavirus pandemic lead to radical changes in the global and Russian economies? How and to what extent have ubiquitous lockdowns affected the digital transformation? The new model of the digital economy growth, formed during the ongoing crisis, actually contributes to the accelerated development of secondary digital infrastructure (platforms and artificial intelligence technologies) through the creation of mass markets, the noticeably higher consumption in the field of ICT services, and the redistribution of a significant part of resources from other sectors. However, this digital forcing, within the framework of which traditional industries were placed in a deliberately losing situation due to artificially created circumstances, is taking place during a fundamental structural crisis of the global economy. Therefore, unlike the technological revolutions of the past, this one will have serious objective limitations associated with narrowed opportunities for the development of the primary digital infrastructure, without which extensive development of digital services and markets is impossible. In addition, further implementation of the adopted model of building a digital economy, based on the collection and processing of big data, is fundamentally impossible outside globalization processes and implies a significant imbalance between the new “world technological center” (the United States and China, who, however, are in a state of trade war) and the “world technological periphery.” For most other countries, including Russia, it means the need to “fit” into one of the two currently possible peripheral contours of the global digital transformation. Pleiades Publishing 2021-02-19 2021 /pmc/articles/PMC7893839/ /pubmed/33642845 http://dx.doi.org/10.1134/S1075700721010056 Text en © Pleiades Publishing, Ltd. 2021, ISSN 1075-7007, Studies on Russian Economic Development, 2021, Vol. 32, No. 1, pp. 11–22. © Pleiades Publishing, Ltd., 2021.Russian Text © The Author(s), 2021. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Economic Policy Ganichev, N. A. Koshovets, O. B. Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic |
title | Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic |
title_full | Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic |
title_fullStr | Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic |
title_full_unstemmed | Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic |
title_short | Forcing the Digital Economy: How will the Structure of Digital Markets Change as a Result of the COVID-19 Pandemic |
title_sort | forcing the digital economy: how will the structure of digital markets change as a result of the covid-19 pandemic |
topic | Economic Policy |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7893839/ https://www.ncbi.nlm.nih.gov/pubmed/33642845 http://dx.doi.org/10.1134/S1075700721010056 |
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