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FINANCIAL SECURITY AND ITS FEATURES IN THE CONDITIONS OF DIGITALIZATION OF THE ECONOMY

Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 49)

Publication Date:

Authors : ; ;

Page : 69-77

Keywords : financial security; digitalization; currency security; debt security; gross domestic product; digital economy; Internet technologies;

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Abstract

The article considers the features of financial security in the context of digitalization of the economy and in modern conditions of development of the economic system as a whole and its subsystems. In recent decades, one of the main trends in the development of the economy and society in general is the penetration of information technology in various areas of human activity. Informatization is becoming such an important factor in increasing productivity and improving the quality of life that the changes that are taking place are seen by researchers as the beginning of a new era of economic development. The essence of the concept of «financial security» and «digitalization» in the context of digitalization of structures and industries is analyzed. Financial security is a state of the financial and credit sphere of the state, which is characterized by the balance and quality of the systemic set of financial instruments. Digitalization is the introduction of digital technologies in all spheres of life: from relationships with people to production technologies. Examples of digital technologies are described, namely the Internet of Things, robotics and cybersystems, artificial intelligence, big data, paperless technologies, blockchain, etc. The main indicators that have an impact on financial security and their role and interaction in the digital economy, namely: the state of gold and foreign exchange reserves, the dynamics of gross domestic product, the dynamics of gold and foreign exchange reserves. It is determined that the main directions of financial security development in the digitalization of the economy will be digital workplace, multi-channel information and involvement of citizens, open data as a tool for assessing the work of the state, electronic identification of citizens and more. It is determined that the recognition of target sectors of industrial high-tech as key to the development of Ukraine's economy will restore confidence in the state and give a powerful impetus to their development.

Last modified: 2021-11-09 18:11:40