International Economic Integration and Competitiveness in the Cyber Economy

Inna N. Rykova, Sergey V. Shkodinsky and Andrei G. Nazarov
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Inna N. Rykova: Federal State Budgetary Institution “Financial Research Institute of the Ministry of Finance of the Russian Federation”
Sergey V. Shkodinsky: Federal State Budgetary Institution “Financial Research Institute of the Ministry of Finance of the Russian Federation”
Andrei G. Nazarov: All-Russian Public Organization “Business Russia”

A chapter in The Cyber Economy, 2019, pp 271-282 from Springer

Abstract: Abstract Purpose: The purpose of the chapter is to study how international economic integration can boost the competitiveness of the cyber economy. Design/methodology/approach: The authors analyze the global turnover of the export of services for 2017–2018 and determine the future state of the cyber economy for certain countries. The potential growth of GDP indicators for the period 2025–2050 is studied, and perspectives on the global economic development of three groups of countries are considered. The share of expenditure for measures to support the cyber economy is determined for particular countries. The role of the cyber economy in Russia as a factor in international economic integration is also discussed. A SWOT analysis of the integrative activities of organizations for implementing the measures of the cyber economy is performed. Findings: The calculations show that in 2020, the growth rate of GDP coordinated with the long-term balance of payments in Russia will reach 134%, and will continue to grow to 146.8% by 2025 and 154.4% by 2050. This growth is connected to the cyclic character of economic development in conjunction with the implementation of long-term, large-scale measures for the digitization of the Russian economy. Originality/value: The formation of the cyber economy is subject to laws aimed far into the future, but it originated in the age of the birth of capitalism.

Keywords: International economic integration; Competitiveness; Cyber economy; G34; G38; M11; M12; M15; O16; O31; O32; O33; O38 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/978-3-030-31566-5_28

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