Digital cities and interactive stakeholder policy

Abstract

The paper reveals the evolution of digital development of modern cities in the context of new industrialization. Urban digitalization is being reassessed as a process of formation of a hybrid socio-economic system, with the leading role of institutions and institutional mechanisms of a novel type. Service industries are shown to be the main institutional models for development of the digitalized urban economy. A proactive institutional policy of digitalization is substantiated. The specificity of the effects of urban digitalization is described explicitly. The framework of a smart city's interactive stakeholder policy is theorized.