Problemi Ekonomiki (Jun 2018)
On the Relationship between the Concepts of the Knowledge Economy and the Digital Economy in the Formation of a New Paradigm for the Development of the World Economy
Abstract
Attention is focused on the fact that the modern world enters a period of complex transformations associated with overcoming the accumulated problems of an economic and non-economic nature as well as with the transition to a new paradigm for the development of the world economy. One of its foundations is the model of the knowledge economy. On the other hand, the progress of information and communication technologies (ICT) and their penetration into all spheres of society has created the conditions for the formation of the so-called digital economy. This also transforms modern economic systems and acquires global significance. As a result, the concepts of the knowledge economy and the digital economy intersect both in theory and in practice. The determination of their relationship is an actual scientific and practical problem from the point of view of explaining and forming the new paradigm for the development of the world economy. The essence and features of the knowledge economy as a new type of economy are specified in the article. It is substantiated that this term more fully and accurately reflects the specificity of the new stage of social development and becomes the basic one. The transformation influence of ICT on the modern economy, which leads to the formation of the digital economy, is noted. The essential features and characteristics of such an economy as a new functional model of the economic system are determined. The specifics of digital transformations changing the forms of economic organization are considered. An explanation of the relationship between the concepts of the knowledge economy and the digital economy and their complementarity in the formation of the new paradigm for the development of the world economy is presented. This is ensured by the fact that they change the models of economic growth; ensure structural and functional transformation of systems of social production; become the basis for the creation of new economic mechanisms. The expediency of implementing the provisions of the adopted Concept for the Development of the Digital Economy and Society of Ukraine for 2018-2020 is noted. It is suggested that such documents (in the field of digital economy development) be directed at building the infrastructure of the knowledge economy and ensuring its key processes, especially in the field of science and education.
