SOME ASPECTS OF INSTITUTIONALISATION OF ECONOMIC DEVELOPMENT OF THE DIGITAL SOCIETY

Abstract

The article analyses the creation of inclusive institutions to ensure economic development. The authors aim to identify the institutional factors of economic development that have emerged as a result of digitalisation and determine the emergence of inclusive institutions in the digital society in Ukraine. Attention is focused on those phenomena and processes related to the economic sphere that determine the emergence of characteristic (attributive) features of a digital society: the role of digitalisation in economic development, factors of institutionalisation of a digital society, and institutional support for economic development. The article considers the content and features of the digital society, internal institutional transformations, and the impact of socio-cultural factors on institutionalisation. It is proved that digitalisation has become an instrument of virtual socialisation and institutionalisation, accumulation of institutional and socio-cultural potential of the digital society. The author highlights the technological aspect of institutionalisation and institutional features of the digital society formed as a result of the use of digital information networks. The factors that reduce the disparities in the internal socio-economic structures and incomes of people are identified. The role of digitalisation and informatisation in the processes of socio-cultural change is shown. It is proved that the institutionalisation of a new system of social values, the increase in social and creative capabilities of a person, the spread of virtual forms of labour organisation are associated with the use of a computer as a widely available means of production. The factors that weaken social ties in the digital society and are associated with the deepening of social differentiation are identified. The role of digitalisation in the process of institutionalisation and formation of inclusive development institutions is shown. The prospects for economic and social development are determined by the transformation of political and economic institutions towards greater pluralism. Institutional changes are considered in the context of the processes of continuous historical struggle between exclusive and inclusive institutions to form a new institutional structure of the digital society.

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