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- W3092912199 abstract "Purpose: The purpose of this paper is to determine a new quality of economic growth in smart economy and to substantiate its advantages for developing countries. Design/Methodology/Approach: The authors use the methods of correlation and comparative analysis for determining the character of change of correlation of digitalization (digital competitiveness according to IMD) and the rate of economic growth (according to the IMF) with the indicators of quality of life (according to Numbeo) in 2020 as compared to 2017. The research objects are countries of BRICS and Newly industrialized countries (NIC). Findings: It is determines that as of 2020 digitalization defines quality of life in developing countries to the same extent as economic growth. Digitalization ensures fighting inflation (49.79%). However, economic growth still defines cost of living (−67.22%). Originality/Value: Based on the analysis of dynamics of change of the statistics, it is substantiated that under the influence of smart economy in developing countries there formed a new quality of economic growth in 2020. The advantages of digitalization include growth of purchasing power of population, development of healthcare, reduction of inflation, and reduction of commute time due to development of online economic operations. Also, economic growth, which is also influenced by digitalization, leads to reduction of cost of living. However, the problem of cyber security is very urgent in smart economy; its solution will influence further quality of economic growth and perspectives of obtaining advantages by developing countries." @default.
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- W3092912199 date "2020-10-16" @default.
- W3092912199 modified "2023-09-23" @default.
- W3092912199 title "A New Quality of Economic Growth in “Smart” Economy: Advantages for Developing Countries" @default.
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- W3092912199 doi "https://doi.org/10.1007/978-3-030-59126-7_48" @default.
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