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MODEL OF SMART, SUSTAINABLE, INCLUSIVE ECONOMIC GROWTH IN THE CONTEXT OF INEQUALITY IN RUSSIA

Journal: International Journal of Civil Engineering and Technology (IJCIET) (Vol.10, No. 2)

Publication Date:

Authors : ;

Page : 1704-1711

Keywords : Economic Inequality; Augmented Reality; Virtual Reality; Digital Economy; Four-Link Spiral of Innovation; "Network4+"; Poverty;

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Abstract

The paper deals with the interrelation and mutual influence of economic growth and inequality amid digital economy, taking into account the appearance of augmented reality. Particular attention is paid to the transformation of the four-link innovation spiral into "network 4+". In the paper, it is proposed to supplement it with a "connecting element" - a person, along with science, industry, state and society. Since a person plays a key role in the innovation process and is the end user of innovation, he/she significantly affects the creation of knowledge and technology through the demand and realization of his utility function. To implement the proposed initiative, we need a revision of the tools for all parts of the network, as well as tight control and evaluation of effectiveness. Some recommendations are offered on the alleviation of inequality for different actors in the economy, including the state, business, society, universities and scientific institutions.

Last modified: 2019-05-21 19:12:31