FUTURE PROSPECTS FOR ECONOMIC GROWTH IN THE DIGITAL ECONOMY IN DEVELOPED AND DEVELOPING COUNTRIES
Keywords:
Digital economy, Digital modernization, Clusters, IntegrationAbstract
The goal of this article is to identify the peculiarities of growing a digital economy in developed and developing nations, to identify the ideal scenario for further digital modernization of the global economic system, and to offer suggestions for its practical implementation. The research is carried out at the global economy level as a whole, using the example of developed and developing nations that are leaders in their respective categories and hold middle and peripheral places. According to the findings, the basis of digital competitiveness of the economy in developed nations is a high degree of integration of information and communication technologies and devices, and the obstacle to its rise is a low interest of businesses in digital modernization. Developing nations are in the opposite scenario, with a low level of integration of information and communication technology and devices and a great desire from businesses in digital modernization.
References
Abueid, A. I. S., Haron, N. F., & Abad, O. M. (2018). The impact of foreign direct investment, aids and economic growth: evidence from structural breaks for Jordan. International Journal of Academic Research in Business and Social Sciences, 8(11), 566-588.
Al-kasasbeh, O. (2022). The relationship between unemployment and economic growth: is Okun's Law valid for the Jordan case?. International Journal of Economics Development Research (IJEDR), 3(3), 217-226.
Al-Kasasbeh, O. M. (2022). The Emergence of Digital Economy and New Business Models in the Era of Digital Transformation. New Innovations in Economics, Business and Management Vol. 7, 161-168.
Alkasasbeh, O. M. A., & Al-kasasbeh, S. M. (2022). Supply chains and COVID-19: impact on Jordan’s, countermeasures and post-COVID-19 era. Journal of Social Sciences and Management Studies, 1(1), 15-22.
Al-kasasbeh, O., Alzghoul, A., & Alhanatleh, H. (2022). The Impact of Fiscal Policy and Trade Liberalization on Economic Growth: Evidence from Structural Breaks for Jordan. International Journal of Professional Business Review, 7(6), e0850-e0850.
Aloisi, A. (2015) ‘Commoditized Workers: Case Study Research on Labor Law Issues Arising from a Set of On-Demand/gig Economy Platforms’, Comparative Labor Law and Policy Journal, 37 (3), pp. 620–653.
Alzghoul, A., Al_kasasbeh, O., Alsheikh, G., & Yamin, I. (2023). The Relationship Between Savings and Investment: Evidence From Jordan. International Journal of Professional Business Review, 8(3), e01724-e01724.
Benčič, S., Kitsay, Y. A., Karbekova, A. B., & Giyazov, A. (2020). Specifics of building the digital economy in developed and developing countries. In Digital Economy: Complexity and Variety vs. Rationality 9 (pp. 39-48). Springer International Publishing.
Bogoviz, A. V., Alekseev, A. N., & Ragulina, J. V. (2019). Budget limitations in the process of formation of the digital economy. In The Future of the Global Financial System: Downfall or Harmony 6 (pp. 578-585). Springer International Publishing.
Bogoviz, A. V., Lobova, S. V., & Ragulina, J. V. (2019). Distortions in the theory of costs in the conditions of digital economy. In The Future of the Global Financial System: Downfall or Harmony 6 (pp. 1231-1237). Springer International Publishing.
Bukht, R., & Heeks, R. (2017). Defining, conceptualising and measuring the digital economy. Development Informatics working paper, (68).
D’Cruz, P. (2017). Partially empowering but not decent? The contradictions of online labour markets. Critical perspectives on work and employment in globalizing India, 173-195.
Gereffi, G., Humphrey, J. and Sturgeon, T. (2005) ‘The Governance of Global Value Chains’, Review of International Political Economy, 12 (1), pp. 78– 104.
Herrera González, R. L., & Hidalgo Nuchera, A. (2019). Dynamics of service innovation management and co-creation in firms in the digital economy sector. Contaduría y administración, 64(SPE1), 0-0.
Kasasbeh, O. (2021). Fiscal Policy and its Relationship with Economic Growth a Review Study. Available at SSRN 3789109.
Khaddam, A. A., Alzghoul, A., Khawaldeh, K., & Al-Kasasbeh, O. (2023). How Spiritual Leadership Influences Creative Behaviors: the Mediating Role of Workplace Climate. International Journal of Professional Business Review, 8(2), e01106-e01106.
Long, X., & Ji, X. (2019). Economic growth quality, environmental sustainability, and social welfare in China-provincial assessment based on genuine progress indicator (GPI). Ecological economics, 159, 157-176.
Negrea, A., Ciobanu, G., Dobrea, C., & Burcea, S. (2019). Priority aspects in the evolution of the digital economy for building new development policies. Calitatea, 20(S2), 416-421.
Organisation for Economic Cooperation and Development. (2016) Harnessing the Digital Economy for Developing Countries, Report [online], Available from: https://www.oecd-ilibrary.org/docserver/ 4adffb24en.pdf?expires=1560352833&xml:id=id&accname=guest&checksum=FBF22A441B08FDF64694C9D4EB9DA4A4.
Popkova, E. G. (2019). Preconditions of formation and development of industry 4.0 in the conditions of knowledge economy. Industry 4.0: Industrial Revolution of the 21st Century, 65-72.
Popkova, E. G., Ragulina, Y. V., & Bogoviz, A. V. (2019). Fundamental differences of transition to industry 4.0 from previous industrial revolutions. Industry 4.0: Industrial Revolution of the 21st Century, 21-29.
Yamin, I., Al_Kasasbeh, O., Alzghoul, A., & Alsheikh, G. (2023). The Influence of Public Debt on Economic Growth: a Review of Literature. International Journal of Professional Business Review, 8(4), e01772-e01772.
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Omar Al-kasasbeh
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
All Rights Reserved.
