Finance and Credit

Digital economy as a new paradigm of development: Challenges, opportunities, and prospects

Vol. 24, Iss. 3, MARCH 2018

Received: 10 January 2018

Received in revised form: 24 January 2018

Accepted: 7 February 2018

Available online: 29 March 2018


JEL Classification: E02, F01, F62, О43, Q55

Pages: 579—590

Savina T.N. National Research Ogarev Mordovia State University, Saransk, Republic of Mordovia, Russian Federation

Importance The penetration of digital technologies into life is the topic of the article. Transition to digitization is one of the key priorities for the development of Russia.
Objectives The purpose of the study is to evaluate the advantages and identify the problems of development of the digital economy in Russia.
Methods Methodologically, the research is based on the general scientific methods of cognition and specific methods for evaluating the digitization of economic development.
Results The role of the digital economy as a new paradigm of development is substantiated. The goals and targets of the digital economy are indicated. The paper identifies positive effects as well as risks (threats) to economic development from digital technologies, and it reveals certain problems of digital economy's development in Russia.
Conclusions and Relevance The study shows that total digitization and the introduction of ICT is a natural and inevitable process. The paradigm of digitization has both positive and negative effects. The results of the research can be used in the development of programs and strategies for the digital economy's development.

Keywords: digital economy, development strategy, digital economy segment, new technological order, digitization


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