The content of structural transformations of the region's economy, adequate to the requirements of digitalization

Abstract

Informatization and globalization of the economy, as well as the reduction of the share of traditional structures and industries, the expansion of services, knowledge-intensive and high-tech industries are a prerequisite for structural reforms of the economy of the Russian Federation and its subjects, which are necessary in the conditions of innovative development and digitalization of the economy. The digital economy, in its most General form, is a new type of economy in which relations about the production, processing, storage, transmission and use of increasing amounts of data are fundamental. The digital economy is the Foundation of the economy and has an impact on a variety of industries such as banking, retail, transport, energy, education, health and many others. The digitalization of the economy places significant demands on the structural transformations taking place at the regional level. The authors found that the methodology of structural transformations in terms of transformation of its following elements should change radically: goals, principles, factors, barriers, directions. The implementation of structural reforms of the region's economy, taking into account the requirements of the digital economy, will allow to obtain the following effects: the possibility of social lift – ensuring the growth of human capital (from school to implementation in economic life); stimulating business activity and the development of remote employment – increasing professional mobility; attracting investment in the region due to the rapid deployment of virtual infrastructure; reducing criminalization in society, socio-economic growth.