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STATE UNIVERSITY OF TRADE AND ECONOMICS / KYIV NATIONAL UNIVERSITY OF TRADE AND ECONOMICS
STATE UNIVERSITY OF TRADE AND ECONOMICS / KYIV NATIONAL UNIVERSITY OF TRADE AND ECONOMICS
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STATE UNIVERSITY OF TRADE AND ECONOMICS / KYIV NATIONAL UNIVERSITY OF TRADE AND ECONOMICS
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Digital Dimension of Economic Development in the 21st Century

General Information

On May 16, 2024, the State University of Trade and Economics hosted the International Internet Conference "Economics in the Context of Digital Transformation: Development Prospects in the 21st Century." The conference was opened with a welcome address by Anzhelika Gerasymenko, Doctor of Sciences in Economics, Professor, and Vice-rector for Research, Pedagogical Activities and International Relations of the State University of Trade and Economics. She emphasized the importance of scholars exchanging ideas on the impact of digital technology development on all spheres of society to develop forecasts for optimizing their use and highlighted the importance of development of new approaches of digitalization externalities regulation. The conference became a platform for exchanging cutting-edge ideas among scientists and practitioners from Ukraine, Poland, Germany, Vietnam, Morocco, and Canada.

Iurii Umantsiv, Doctor of Sciences in Economics, Professor, and Head of the Department of Economics and Competition Policy at the State University of Trade and Economics, underscored that the 21st century will be a time of accelerated development of digital technologies, which will significantly impact production and consumption processes, as well as substantially adjust transaction costs.

Victor Tarasevych, Doctor of Sciences in Economics, Professor, Corresponding Member of the National Academy of Sciences of Ukraine, and Head of the Department of International Economics and Social-Humanitarian Disciplines at the Ukrainian State University of Science and Technology, in his presentation "Smart Economy and Digital Transformation of Society," focused on the development of the full cycle of the smart economy as a component of social production. Volodymyr Lypov, Doctor of Sciences in Economics, Professor, and Leading Researcher at the Department of Economics at the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, in his report "Digital Platforms and Transformation of Institutional Foundations of Social Interaction," noted that at the mega-economic level, the development of digital platforms causes significant transformations in the mechanisms of institutional arrangement of socio-economic models of countries, integration unions, and the global economy as a whole.

Yaroslav Zhalilo, Doctor of Sciences in Economics, Senior Researcher, and Deputy Director of the National Institute for Strategic Studies, in his speech identified the factors forming the post-war economic landscape of Ukraine, emphasizing that utilizing the capabilities of advanced technologies to unlock local resource potentials and sectoral diversification of economic drivers in regions will be an important means to achieve synergy in spatial and sectoral transformation. Natalia Hrushchynska, Doctor of Sciences in Economics, Professor of the Department of International Economic Relations and Business at the National Aviation University, in her speech on "Determinants of Techno-Evolutionary Changes in Global Society," highlighted the problems related to competition between humans and future artificial intelligence, stressing that such competition will require significantly more emotional strain from humans.

Andrii Roskladka, Doctor of Sciences in Economics, Professor, and Head of the Department of Digital Economy and System Analysis at the State University of Trade and Economics, identified the key aspects of the impact of generative artificial intelligence on economic processes. Digital transformation as a technological paradigm of modern Ukrainian universities became the subject of a scientific report by Yuriy Bazhal, Doctor of Sciences in Economics, Professor, and Head of the Department of Economics at the National University "Kyiv-Mohyla Academy."

In her report, Karolina Wysocka, Head of the Department of Finance at the University of Business and Administration in Gdynia (Poland), analyzed leading global socio-economic trends of the digitalization era, noting that entrepreneurs will be forced to make greater efforts to adapt their activities to new conditions. Aliaksei Zhurauliou, Doctor of Sciences in Economics and Associate Professor at the University of Hildesheim (Germany), outlined the peculiarities of students' perception of CHATGPT, emphasizing the need for universities to take active measures to integrate ethical use of artificial intelligence into their curricula and implement comprehensive policies considering the changing landscape of AI tools in education.

Kateryna Nikolaiets, Doctor of Sciences in History, Professor of the Department of Economics and Competition Policy at the State University of Trade and Economics, identified the main trends in the digitalization of migration monitoring processes, noting that digital technologies have modernized the accounting of migrants, their job search, and accommodation, and provided more favorable conditions for verifying data about migrants and assessing their potential for work in recipient countries. Volodymyr Virchenko, Doctor of Sciences in Economics, Professor, and Head of the Department of International Economics at Taras Shevchenko National University of Kyiv, focused on analyzing the innovative determinants of post-war economic recovery, concluding that the stable development of intellectual property could become a guarantee of the rapid recovery of Ukraine's economy on the principles of innovative modernization of production and ensuring the competitiveness of Ukrainian products in international markets.

Tetiana Artyomova, Doctor of Sciences in Economics and Chief Researcher at the Department of Economics at the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, analyzed the microeconomic factors of social development as guidelines for new economic conditions, emphasizing that the experience of enterprises of different forms of ownership indicates the importance of skillful management of nonlinear economic processes at the microeconomic level to ensure sustainable social development in an era of increasing uncertainty.

Modern Trends in the Socialization of the Global Economy were outlined in the speech by Yuliia Chaliuk, Doctor of Sciences in Economics and Professor of the Department of Economics at Kyiv National Economic University named after Vadym Hetman. She emphasized that chronic instability and vulnerability of economic systems at both global and national levels, the presence of prolonged economic shocks, natural disasters, and military conflicts lead to uneven development of economies and social protection systems.

Yuriy Shved, Director of the Corporate Finance Department at the consulting and auditing firm MNP (Canada), focused his speech on the concentration of capital in the context of the development of generative artificial intelligence, highlighting the increasing dependence on the advancement of computer technologies directly oriented towards the needs of retail clients, as well as employers' reliance on highly specialized startups. Nazarii Tabachuk, Deputy Head of the Department of Industrial Goods Market Research and Investigations at the Antimonopoly Committee of Ukraine, discussed the international legal dimension of regulating competitive relations in the context of globalization, asserting that the necessary level of unification in issues related to the practical application of competition law is most appropriately achieved through the development of model (standard) competition laws.

Oleksii Kravchuk, Doctor of Sciences in Jurisprudence, Professor, and Judge of the High Anti-Corruption Court, analyzed the impact of digitalization on the judicial review of economic offenses, emphasizing that the full transition of criminal proceedings to electronic form is hindered by certain procedural rules that still widely employ the concepts of delivering several documents with receipt acknowledgment, drafting procedural action protocols, and their signing by participants.

The issues raised in the speeches of the conference participants sparked a lively discussion, the conclusions of which were summarized by Professor Iurii Umantsiv, who moderated the conference.

Kateryna Nikolaiets,
Professor of the Department of Economics and Competition Policy
State University of Trade and Economics,
Doctor of Sciences in History

16.05.2024
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остання редакція 21.05.2024