Bilateral Economic Relations in the Era of Digitalization of the World Economy: Application of the Gravitational Approach

DOI

10.2991/aebmr.k.200312.034How to use a DOI?

Abstract

The modern economy is characterized by significant changes in globalization and internationalization of the world economy. Global digitalization is becoming a General trend of economic development that determines the competitiveness of the state in the world economy. The authors present the characteristics of the digital economy at the present stage of development of the world economy. The theoretical substantiation of the gravitational bases of the digital economy is proposed, within the framework of which the gravitational equation with adjustments for global changes is developed. The peculiarities of bilateralism in the conditions of digitalization of the world economy are also revealed. The conclusion is made about the desire of developed digital powers to cooperate with countries of a similar digital level, and countries with a lower level of digitalization have a wider range of digital distances, which decreases as the level of development of the digital economy increases, which indicates the desire for economic growth in the conditions of the impossibility of abandoning The authors’ developments fit into the conceptualization of the influence of geographical distance on the economic interaction of States.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - R V Naumenko
AU  - E S Nesterenko
PY  - 2020
DA  - 2020/03/17
TI  - Bilateral Economic Relations in the Era of Digitalization of the World Economy: Application of the Gravitational Approach
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 232
EP  - 241
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.034
DO  - 10.2991/aebmr.k.200312.034
ID  - Naumenko2020
ER  -