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World Economy Digitalisation: Implications At Corporate And National Level

Author

Listed:
  • Dimitar Zlatinov

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

  • Lidiya Kabatliiska

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

Abstract

The paper focuses on changes in industrial organisation, skill development, production and trade which inevitably generate information and communication technologies in the world economy. It outlines the basic cybernetic-physical systems and technologies that fill the concept of digital economy at the microeconomic level, but also the scale of digitalisation and the challenges that massive penetration of new technologies pose at macroeconomic level. We pay special attention to the fact that currently there is no unambiguous definition and understanding of future industrial development based on the digitalisation of economies around the world which creates certain difficulties in this direction. In conclusion, we comment how the observed effects the digitalisation of the economy is already demonstrating globally are related to Bulgaria and what is the reason behind its lagging technological development.

Suggested Citation

  • Dimitar Zlatinov & Lidiya Kabatliiska, 2020. "World Economy Digitalisation: Implications At Corporate And National Level," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 19(1), pages 65-76, December.
    • Handle: RePEc:sko:yrbook:v:19:y:2020:i:1:p:65-76
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