Digital transformation as a new paradigm of economic policy

Abstract

This study analyzes the conceptual provisions related to solving problems related to the introduction of digital technologies and the formation of a digital economy based on them, reveals the dynamics of digital transformation and its impact on business processes and the interaction of states, business and civil society in the context of modern economic policy. We reviewed the policy of the Russian state in terms of overcoming both the existing and potential economic consequences of the COVID-19 pandemic based on published expert assessments. Our results confirmed that overcoming the current turbulent state of the digital economy in Russia requires: firstly, the development of digital entrepreneurship or the digital sector as the “core” of the digital economy, where digital technologies are created; secondly, the removal of restrictions on the movement of resources caused by the COVID-19 pandemic, as a result of the consistent implementation of a coordinated strategy for the digitalization of the economy, based on global cooperation in the field of economic policy; third, the process of reproduction of the social product, where production - distribution – exchange - consumption interact, should take place at the level of world standards; fourth, to introduce the “digital style”in economic policy through building technological chains and diversified connections; fifth, to develop artificial intelligence, the essence of which is to“break” the matrix of habitual life in order to launch a large-scale virtual program of a new being of humanity, spurred by the COVID-19 pandemic.

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