Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Economic Systems in Global Dimension of Information Society

J Yu Bakaeva, A G Stepanov, M A Ananiev
Corresponding Author
J Yu Bakaeva
Available Online 17 March 2020.
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The article considers long-term social and economic consequences of the upcoming technological revolution that will result in the foundation of the new industrial society of the second generation. It will have the following features: increased expertise, production intensity, considerable reduction of the relative share of material costs in the manufactured products, human removal from direct production and considerable expansion of opportunities to satisfy human needs. At the same time, technological changes involve the threat of the civilization crisis — pursuit of deceptive benefits, intolerable growth of impact on the natural environment, unruly trends in the evolution of the technical area, opportunity for unjustified intrusion into the human own nature, etc. These threats pose the issue on the transfer from a beast-like desire to gobble up more material resources to the reasonable self-constraint of both human needs and applications of new technology. Thus, the concept of the noosphere by V.I. Vernadsky acquires the new meaning. Now it means the imperative of the reasonable regulation of economic activity based upon internal cultural criteria. Relevance of the subject is based on the new transdisciplinary view of economic system determined by the integration of methods for solving global issues, taking into account interdisciplinary directions. Technological changes result into the meaningful, significant “dimension” of different systems including the economic ones. The information society is the society that complies with requirements. First of all, information is the subject of sale and purchase. Secondly, it is the method to acquire information due to development of communications, at any time and any space. The meanings which are prone to transformation find its place in all spheres of the society: from economy to politics. Purpose of the research is determined by the fact that the starting point is the issue of understanding “the economic space” in information structures of the modern society. The leading approach to the study is determined by the concept of globalization of economic structures oriented to the “global economy”. The meaningful dimension of economic systems in the information society is represented by behavioral theories and approaches (intuitive structure, behavioral theory, rational concept, pragmatic theory). The main research results are represented by globalization or massing of economic relations. It means that the capital, manufacture and market circulation processes are evolved on the global market as well as the local private entrepreneurship, but they have the significant effect on them. The global analytical level is used more frequently together with the economic and entrepreneurial levels. As for the political aspect, the impact of supranational economic organizations together with governmental, macro- and micro-regional as well as local organization has become more pronounced for last decades. The economic globalization range is differentiated by levels: personal, interpersonal, local and national, international and global levels. The levels are interpreted not as concentric circles from close to distant but as the unity of the thematic economic dimension. The single facet indicates the past, the present and the future - “time dimension”; the other facet belongs to the economic dimension that may be called “contextual” as viewpoints, from the individual up to the global level, are different. The article materials may be useful for structuring economic processes and phenomena. They are considered from the viewpoint of globalization planning. The model of economic processes is represented by their globalization in the context of ideas by D.Salby and P. Weinbrenner oriented to the future. The model of economic systems within the context of information society is considered via elements of the K. Hessig’s concept, with the built-in structure of political, cultural, social and economic spheres.
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International Scientific Conference "Far East Con" (ISCFEC 2020)
Part of series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
DOI to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

AU  - J Yu Bakaeva
AU  - A G Stepanov
AU  - M A Ananiev
PY  - 2020
DA  - 2020/03/17
TI  - Economic Systems in Global Dimension of Information Society
BT  - International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 1542
EP  - 1548
SN  - 2352-5428
UR  -
DO  -
ID  - Bakaeva2020
ER  -