Digital Aspects of the Ukrainian Economic Development

Abstract

The article highlights the issue of digitization components in Ukraine. The study aims to show the importance, the current state of digitalization, and its main components, which are determined by international competitiveness rankings indicators. The author’s analysis methodology, based on a combination of domestic and international methods of the competitive digitalization indicator, is used for the study. The study’s relevance is indicated by the globalization processes and general economic trends towards digitalization. The study results show the current digitization state in the Ukrainian economy and also Ukraine’s world position on various digitalization parameters. The greatest strengths are the intellectual capital in Ukraine; the weakest sides are the country’s technological level and readiness to a volatile market. Also, the digitalization of Ukraine is accompanied by problems, which include the reform of the labor organization in IT companies, cybersecurity problems, and a lack of investment. The study has practical value in its application to developing strategies for digitalization development. Further research will improve the process for developing different aspects of digitalization.