Akademik Məlumat İdarəetmə Sistemi
70th International Scientific Conference on Economic and Social Development, no.1, pp.847-854, 2021 (Conference Book)
The emergence and spread of the Internet at the end of the last century and the beginning of this century has become a major feature of the global process of globalization. This led to the formation of a single information space. This new stage of globalization can be called "digital globalization". The article examines the basics of the relationship between the digital economy and the current stage of globalization. Large-scale development of information and communication technologies has led to significant changes in the functioning of economic systems at various levels. At the present stage of development, digitalization has become the most important factor in the economic growth of the national and global economy. Under the influence of these factors, there is a transition from the introduction of individual digital technologies to the integrated construction of a digital ecosystem. The process of digitalization is particularly important, as it determines the transition to the fourth industrial revolution. Therefore, in most countries, digitalization of the economy is an important component of economic development. Digitalization of the economy is simultaneously becoming the basis for sustainable growth of production, improving competitiveness and living standards of the population. The article focuses on trends in the development of new global digital processes and risks that are generated by the digital economy. The study found that digital technologies are ubiquitous in traditional sectors of the economy and finance, and digital globalization should be viewed as a driving force of global economic growth, which provides companies with new business opportunities.
Keywords: digital economy, digital globalization, digital platforms, economic growth, information and communication technologies