Digitalization and Its Impact on Modern Economic Convergence — Methodological Aspect

Abstract

Tighter competition of any economic entities leads to the use of such a mechanism to combat it as economic convergence — the rapprochement of the activities of various economic entities, aimed at increasing the efficiency and competitiveness of its participants. At the same time, the most important modern trend in social development is digitalization, which also has an impact on convergence processes in the economy. Disclosure of the impact of digitalization on convergence processes includes consideration of the stages of development of digitalization, levels of convergence, their relationship, as well as identifying the directions and results of the impact of the last stage of digitalization on modern economic convergence. The results of the study are the identified parameters of economic convergence and their content, the disclosure of the business model characteristics of entrepreneurial activity within the framework of modern economic convergence, the possibilities of joint business implemented by intersectoral convergence, as well as the prerequisites of joint business due to the influence of the digitalization factor on all these processes. Keywords: economic convergence, convergence parameters, digitalization, business model of entrepreneurial activity within the framework of intersectoral economic convergence, prerequisites for the effectiveness of joint business.

Keywords

• economic convergence
• convergence parameters
• digitalization
• business model of entrepreneurial activity within the framework of intersectoral economic convergence
• prerequisites for the effectiveness of joint business