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Intelligent Drivers Of Smart Economy In The Global Ecosystem

Author

Listed:
  • Iryna Kalenyuk

    (Kyiv National Economy University Named After Vadym Hetman, Ukraine)

  • Liudmyla Tsymbal

    (Kyiv National Economy University Named After Vadym Hetman, Ukraine)

  • Iryna Uninets

    (National Pedagogical Dragomanov University, Ukraine)

Abstract

Consistent and pervasive intellectualization and greening of the economy is manifested in the formation of Smart Economy, which is seen as a modern form of global ecosystem development. An important role in it is given to the latest technologies – information and communication technologies, which are becoming an important tool for "smart" management of processes and relationships between elements and actors at different levels in the global ecosystem. The research methodology is based on the systematization of theoretical approaches to understanding the concept of "Smart Economy", based on which the author's position on defining the essence, structure and key drivers of Smart Economy development is formulated. The aim of the article is to identify the main intellectual factors in the formation of the Smart Economy within the global ecosystem. Smart Economy is defined in a narrow (means of organizing economic relations and relationships within a certain locality) and broad sense, a system of economic relations based on the use of modern smart technologies, implementation of the principles of sustainability and social responsibility and subject to the creation of comfortable and safe conditions of life of citizens). The key processes of the formation of Smart Economy are: intellectualization, digitalization, greening, socialization, institutionalization and urbanization. The content of key intellectual drivers of Smart Economy and modern trends of their development are revealed: expansion of human role as a subject of social, cultural, ecological and moral values, subject of values of sustainable development, subject of social relations (property, management); increasing the importance and implementation in all spheres of social activity of important global and strategically important values of environmental protection, providing a comfortable environment (economic, social, political, business environment, etc.); results of intellectual activity (newest technologies, products) become an important factor of development and a tool for ensuring relationships and interactions between all components of the ecosystem; transformation of the management process: involvement of a wider range of actors, development of new mechanisms for the involvement of all actors and stakeholders in the decision-making process.

Suggested Citation

  • Iryna Kalenyuk & Liudmyla Tsymbal & Iryna Uninets, 2021. "Intelligent Drivers Of Smart Economy In The Global Ecosystem," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(2).
    • Handle: RePEc:bal:journl:2256-0742:2021:7:2:11
    DOI: 10.30525/2256-0742/2021-7-2-91-100
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    References listed on IDEAS

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    1. Charles Wessner, 2004. "Entrepreneurship and the Innovation Ecosystem Policy Lessons from the United States," Papers on Entrepreneurship, Growth and Public Policy 2004-46, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    2. Margarita Angelidou, 2016. "Four European Smart City Strategies," International Journal of Social Science Studies, Redfame publishing, vol. 4(4), pages 18-30, April.
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    Cited by:

    1. Muxi Yang & Guofang Zhai, 2024. "Measurement and Influencing Factors of Economic Resilience over a Long Duration of COVID-19: A Case Study of the Yangtze River Delta, China," Land, MDPI, vol. 13(2), pages 1-22, February.
    2. Ana Babic & Jelena Jardas Antonic & Barbara Buljat, 2022. "Ranking Of Croatian Cities According To Hellwig'S Information Capacity Method In The Smart Economy Dimension," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 31(2), pages 347-368, december.

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    More about this item

    Keywords

    Smart Economy; intellectualization; greening; sustainable development; green development; smart development;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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