Digital transformation of the national economy in the context of information environment development in Ukraine

Keywords:

digitalization, economic system, digital economy, information asymmetry, information security, sectoral structure of the economy, IT sector, business, shadow economy, corruption risks

Synopsis

This study is dedicated to defining the conceptual foundations of digital transformation in economic systems and the specifics of digital economy development in Ukraine amid an evolving information environment. It is substantiated that the integration of modern information technologies and digital innovations across all economic sectors lays the groundwork for establishing a new type of economic environment where information becomes a key resource. The study demonstrates that the technological-singularity vector of development, which reflects the increasing importance of information as a critically important productive resource, is the conceptual foundation for the digital transformation of the national economic system. An analysis was conducted on the intensity of digital transformation in the economies of European Union member countries and Ukraine. Based on the obtained data, it is shown that digitalization is a critical condition for global economic competitiveness and stability. This trend emphasizes the importance of investing in the development of information and communication technologies, infrastructure, and digital innovations as key drivers of further economic growth. An analysis of gross value-added formation across types of economic activities in Ukraine reveals an increasing share in sectors fundamental to the digital transformation of the national economy, particularly in the information and telecommunications sectors. The study proves that the digital sector also serves as an essential tool for reducing the shadow economy and corruption risks. The importance of information security in the context of digital economy development is highlighted. The study outlines prospects for the digital transformation of Ukraine’s economy amid growing risks and threats in cyberspace.

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Hlushko, A., Onyshchenko, S., Maslii, O., & Chumak, O. (2024). Digital transformation of the national economy in the context of information environment development in Ukraine. In T. Cherniavska (Ed.), & O. Trehub, T. Hudima, R. Kirin, V. Khomyn, I. Fedulova, M. Dzhulai, O. Dragan, V. Zhukovska, I. Mykolaichuk, I. Bolotina, O. Bezpalko, A. Berher, V. Voronkova, V. Nikitenko, N. Metelenko, I. Silina, A. Popova, M. Slyusar, . O. Burashnikova, … O. Dyba, Transformations of national economies under conditions of instability (pp. 169-197). Scientific Route OÜ®. https://doi.org/10.21303/978-9916-9850-6-9.ch6