Digitalization of the Ukrainian economy during a state of war is a necessity of the time
Keywords:
digitalization, digital economy, European integration process, digital technologies, digital transformation.
Abstract
This article explores the digital economy's importance for Ukraine's development, analyzing its current state, identifying digitization opportunities and threats, and assessing readiness for adopting digital technologies. The study employs a range of methods to assess the extent of development of Ukraine's digital economy. It examines global trends in digital transformation and evaluates Ukraine's digital resources and information infrastructure. The advantages and disadvantages of implementing digital technologies in the Ukrainian economy are identified. The study reveals that Ukraine lacks sufficient digital resources compared to other European countries. However, it highlights the country's active efforts in developing its information infrastructure and emphasizes the importance of digitization for economic growth. The research identifies the main prerequisites for the global era of the digital economy and establishes the significance of information and communication technologies for economic development and people's well-being. Conclusion: Based on the analysis of Ukraine's digital economy, the study concludes that digitization should be a priority direction for the country. It proposes key measures for effectively utilizing innovative technologies and stimulating the development of the Ukrainian digital economy in the "digital era." Expediting the advancement of the Ukrainian economy in the realm of innovative technologies is considered essential for its future progress and well-being.
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References
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Borblik, K. (2022). Digitalization of the Ukrainian economy: global challenges and local dilemmas. Digital Technologies in the Contemporary Economy. (pp.240–248). Mruni.Eu. Retrieved September 21, 2023, from https://acortar.link/m6SrYw
Bulkot, O. (2021). Formation of Ukraine’s Smart Economy in the Context of Global Challenges. Futurity Economics&Law, 1(1), 11–23. https://doi.org/10.57125/FEL.2021.03.25.2
Bushman, I. (2021). The development of the intellectual economy of the future: trends, challenges of the future. Futurity Economics&Law, 1(3), 33–42. https://doi.org/10.57125/FEL.2021.09.25.04
Dorosh-Kizym, M., Dadak, O., Dorosh, M., & Babych, L. (2020). Digitalization in Ukraine’s economy in the context of world digitization. Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies. Series Economical Sciences, 22(96), 9-14. https://doi.org/10.32718/nvlvet-e9602
Dovgal, E., & Makhova, L. (2020). Development of the theory of innovations in the context of the new industrial revolution. The Journal of V. N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, 11, 62-68. https://doi.org/10.26565/2310-9513-2020-11-07
Нlazova, A. (2021). Divergence of the digitalization concept in Ukraine and in the world. Finance Ukraine, 2021(10), 35–40. https://doi.org/10.33763/finukr2021.10.035
Kasianova, N., Kendiukhov, O., Kochubei, O., Oliinyk, Y., Sokhatska, O., & Zhukova, Yu. (2020). Digital Transformation as an Attractor of Ukraine's Economic Development. International Journal of Advanced Research in Engineering and Technology, 11(7), 340‒349. https://acortar.link/B9hzh9
Ladonko, L., Mozhaikina, N., Buryk, Z., Ostrovskyi, I., & Saienko, V. (2022). Regional aspects of the economy modernization: The qualitative evidence from Eu countries. International Journal for Quality Research, 16(3), 851–862. https://doi.org/10.24874/ijqr16.03-13
Miethlich, B., Belotserkovich, D., Abasova, S., Zatsarinnaya, Е., & Veselitsky, O. (2020). Digital economy and its influence on competitiveness of countries and regions. Revista ESPACIOS, 41(12). https://www.revistaespacios.com/a20v41n12/20411220.html
Ministry of Economic Development and Trade of Ukraine (2020). Digital Agenda of Ukraine. Retrieved from http://www.e-ukraine.org.ua/media/Lviv_Minich_2.pdf
Ministry of Electronics and Information Technology. (2021). E-Government Development Index (EGDI) under Global Indices. Retrieved from: https://acortar.link/fsuX7Q
Mosiichuk, I., & Poita, I. (2020). Economy digitalization as a digital transformation tool of Ukraine. Economics. Management. Innovations, 0(2(27)). https://doi.org/10.35433/issn2410-3748-2020-2(27)-7
Novak, I. M., Ermakov, O. Y., Demianyshyna, O. A., & Revytska, A. A. (2020). Digitalization as a vector of technological changes of Ukraine. International Journal of Scientific and Technology Research, 9(1), 3429-3434. https://acortar.link/pWg6iS
Novikova, N., Diachenko, O., & Holovnia, Y. (2022). Global trends of digitalization: potential of Ukraine. Scientia fructuosa, 134(6), 4–15. https://doi.org/10.31617/visnik.knute.2020(134)01
Okhrimenko, I., Sovik, I., Pyankova, S., & Lukyanova, A. (2019). Digital transformation of the socio-economic system: prospects for digitalization in society. Revista Espacios, 40(38). https://www.revistaespacios.com/a19v40n38/19403826.html
Order No. 67-p. On approval of the Concept for the Development of the Digital Economy and Society of Ukraine for 2018-2020 and approval of the action plan for its implementation. Cabinet of Ministers of Ukraine, Verkhovna Rada of Ukraine, dated January 17, 2018. https://zakon.rada.gov.ua/laws/show/67-2018-%D1%80
Plakhotnik, O., & Pavlenko, A. (2022). The impact of globalization on the development of the world economy and the economy of Ukraine. Economy and the State, 5, 62. https://doi.org/10.32702/2306-6806.2022.5.62
Riabov, I., & Riabova, T. (2021). Development of the creative sector of the world economy: trends for the future. Futurity Economics&Law, 1(4), 12–18. https://doi.org/10.57125/FEL.2021.12.25.02
Rudenko, M. (2018). Digitalization of economy: new opportunities and perspectives. Economy and the State, 11, 61–65. doi: 10.32702/2306-6806.2018.11.61
Sokolovska, O. (2020). Directions of development of digital society in Ukraine. Green, Blue and Digital Economy Journal, 1(2), 62–67. https://doi.org/10.30525/2661-5169/2020-2-12
Spivakovskyy, S., Kochubei, O., Shebanina, O., Sokhatska, O., Yaroshenko, I., & Nych, T. (2021). The impact of digital transformation on the economic security of Ukraine. Estudios de Economía Aplicada, 39(5). https://doi.org/10.25115/eea.v39i5.5040
Tokar, M. (2022). Digital aspects of the Ukrainian digitalization. Economics Affairs (Calcutta), 67(4s). https://doi.org/10.46852/0424-2513.4s.2022.9
Tokar, M., Kravtsov, Y., Shybirina, S., & Khmarska, I. (2023). Digital aspects of the Ukrainian economic development. Financial Engineering, 1, 137–145. https://doi.org/10.37394/232032.2023.1.13
Ukrainian Institute of the Future (2021). Economic Strategy of Ukraine – 2030. Retrieved September 21, 2023, from https://strategy.uifuture.org/
Vdovichena, O., Vidomenko, O., Tkachuk, S., Zhuzhukina, N., & Lukianykhina, O. (2022). The use of information in the world economy: globalization trends. Futurity Economics&Law, 2(4), 4–11. https://doi.org/10.57125/FEL.2022.12.25.01
Verbivska, L., Lutsiv, R., Dehtiarova, I., Melnyk Т., & Domin, M. (2022). Analysis of current trends in the regional smart economy: challenges and prospects for Ukraine. Financial and Credit Activity Problems of Theory and Practice, 1(42), 351–360. https://doi.org/10.55643/fcaptp.1.42.2022.3718
Viknianska, A., Kharynovych-Yavorska, D., Sahaidak, M., Zhavoronok, A., & Filippov, V. (2021). Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation. Scientific Bulletin of National Hirnichoho University, 4, 150-157. http://dspace.op.edu.ua/jspui/handle/123456789/12313
Yanenkova, I. (2017). Global digital development and new global challenges for Ukraine. International Scientific Journal Internauka Series Economical Sciences. https://doi.org/10.25313/2520-2294-2020-10-6401
Yanovska, V., Levchenko, O., Tvoronovych, V., & Bozhok, A. (2019). Digital transformation of the Ukrainian economy: Digitization and transformation of business models. SHS Web of Conferences, 67, 05003. https://doi.org/10.1051/shsconf/20196705003
Zhavoronok, А., Popelo, O., Shchur, R., Ostrovska, N., & Kordzaia, N. (2022). The role of digital technologies in the transformation of regional models of households’ financial behavior in the conditions of the national innovative economy development. Information Systems Engineering. https://archer.chnu.edu.ua/xmlui/handle/123456789/4735
Published
2023-08-30
How to Cite
Verbivska, L., Abramova, M., Gudz, M., Lyfar, V., & KhіlukhаО. (2023). Digitalization of the Ukrainian economy during a state of war is a necessity of the time. Amazonia Investiga, 12(68), 184-194. https://doi.org/10.34069/AI/2023.68.08.17
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