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Digital Economy as an Economic Institute

Digital Economy as an Economic Institute

Journal of Economic Regulation, , Vol. 10 (no. 2),

The article is devoted to the analysis of the main directions of development of digital technologies and the reasons for their distribution and use in business. The article analyzes the properties of network benefits and their impact on consumers and manufacturers. At the beginning of the XXI century, when the advanced part of humanity lives in a post-industrial society, the global digital divide becomes a characteristic feature of the polarization of the world. The social antithesis is acquiring a new facet of dividing the members of the global community into Internet-haves and Internet-poor. The rapid development of the Internet at the beginning of the XXI century radically changed the face of modern civilization. This is especially evident when compared with other changes in developing countries at the turn of the century. To make the Internet affordable, affordable, open and secure was not the strength of all. The World Bank's World Development Report 2016 analyzes the reasons for the slow pace of digital technology and outlines an Internet strategy. It helps to understand how to spread the benefits and reduce the costs of developing digital technology.The article analyzes the structure of the digital economy, shows the main stages of its development. To this end, an original definition of the concept of digital economy is given. A three-level structure is proposed that is necessary for its functioning. For each level, the prerequisites that have formed them are highlighted. This makes it possible to formulate priorities and problems that the economy is facing on the path to digitalization.The conclusion deals with the institutional factors that impede the development of the digital economy in Russia.

Keywords: digital economy; innovations; digital technologies; industry 4.0

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