Accumulation process under conditions of technical and digital transformation

Matveev Yu. V., Shnyakin K. V. and Stepanova T. E.
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Matveev Yu. V.: Samara State University of Economics, Samara, Russian Federation
Shnyakin K. V.: Department of Regulation of Municipal Infrastructure and Gas Supply of the Department of Price and Tariff Regulation of the Samara Region, Samara, Russian Federation
Stepanova T. E.: Kaliningrad State Technical University, Kaliningrad, Russian Federation

Russian Journal of Social Sciences and Humanities, 2021, vol. 15, issue 3, 182-190

Abstract: The study is devoted to the process of accumulation in the context of digitalization of the reproductive process. The problem and objectives setting identified the main task of the study; it is to determine the factors and conditions contributing to the achievement of appropriate proportions in the structure of capital accumulation in conditions of modern technical and digital transformation on the example of foreign countries. The research is carried out on the basis of the reproduction approach through the use of the limiting approach. It was revealed that in the conditions of technical and digitalization changes, the essence of the universal law of accumulation is being transformed. This is manifested in the emergence of a new law of free time accumulation based on the development of productive forces and on the formation of an intellectual capital part as the comprehensive human development. In the course of the study, it was determined that further civilizational development (digitalization is considered here as the basic condition) entirely depends on the profound study of the law of accumulation, as well as the quality of management of the reproduction processes of accumulation and investment. It is substantiated that the synthesis of the plan and the market resulting from the combination of all phases of the reproduction process based on digitalization necessitates the implementation of the network management method in practice.

Keywords: process of accumulation; law of accumulation of free time; reproduction process; technical and digital transformation; method of network management (search for similar items in EconPapers)
JEL-codes: E21 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aws:omskjl:v:15:y:2021:i:3:p:182-190

DOI: 10.17238/issn1998-5320.2021.15.3.21

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