The economic impact of digitalization and the creation of digital products on the development of the state

Abstract

The main components of the development of the digital economy as the next stage in the formation of a modern model of the production, technological and social system of society based on the results of the Fourth Industrial Revolution are regulatory regulation, infrastructure, network security (cybersecurity), training of professionals and the formation of technological platforms. This is exactly what the function of the state in partnership with business should be aimed at, the implementation of which requires an appropriate investment policy. The government must continue to strengthen the digital foundations by attracting investment in scalable, smart, and secure infrastructure capable of accelerating the pace of digital development. When implementing an investment strategy, it is important to identify sources in the field of investment - public and private, whose shares should be regulated by a special program «Digital Economy» and pay attention not only to large businesses that are interested in developing all aspects of the digital economy but also to small investors who are mainly represented by Portfolio Investment. An important component is to encourage investment in digitalization. To do this, in the field of investment activity to ensure the support of investment projects, it is necessary to form general rules for creating and evaluating special investment regimes: a list of new approaches to obtaining tax benefits, reducing insurance premiums for both private investors and investment companies implementing various projects, the development of specific measures of state support in one of the following forms: providing benefits for project financing; provision of benefits for the payment of property tax and land tax; compensation of investor investments through various tax revenues from the investment project, stabilization of regulatory and tax conditions. Scientific novelty. The article examines the digital economy as an emerging phenomenon of the annual increase in the share of the world economy, in comparison with the raw materials and commodity part of it. The article considers the latest technologies and their impact on the traditional economy of various countries of the world. The purpose of the article is to study the basic principles of digitalization of the economy, which allow the digital economy to become a full-fledged part of the globalized world.