STATE AND PRIVATE DIGITAL PLATFORMS: HOW CAN THE NEXT TECHNOLOGICAL BREAKTHROUGH BE ACHIEVED?
The article is devoted to the analysis of the possibilities of new technologies to become the basis of the next world cycle and to create trends in labour productivity, which many countries of the world are facing. The subject of the study is new technologies and their impact on economic developmen...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Izdevnieciba “Baltija Publishing”
2025-03-01
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| Series: | Baltic Journal of Economic Studies |
| Subjects: | |
| Online Access: | http://baltijapublishing.lv/index.php/issue/article/view/2711 |
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| Summary: | The article is devoted to the analysis of the possibilities of new technologies to become the basis of the next world cycle and to create trends in labour productivity, which many countries of the world are facing. The subject of the study is new technologies and their impact on economic development. The purpose of the article is to highlight the economic trends of new technologies, which will become the basis for the rise of the next world economic cycle and create trends of increasing labour productivity, with the decline of which most countries of the world have been confronted. The article employs a range of analytical and synthetic methods, as well as systematic and comparative data analysis. The information base of the article comprises scientific articles, monographs and open statistical data from internet resources. The article provides an analysis of trends in the development of digital currencies. The article examines indicators of labour productivity, inflation rate, GDP growth rate, public debt. The research has shown that for the last 20 years there has been no stable sustainable growth of labour productivity, GDP growth has slowed down, which in recent years has practically not grown, the most developed countries are increasing public debt, as the stagnation of labour productivity does not allow to make projected budgets and pay old debts. This suggests that further economic growth requires a new wave of technological progress, which can be ensured by an excess of "cheap money". Debt is growing and serves as an additional emission of money that is hastily thrown into the economy, as in Japan and the US, for example, but it is not taken into account that this is very expensive money because the interest on the bonds issued has to be repaid, which places an additional burden on the budgets. In conclusion, with rising public debt and stagnating GDP growth, it will be difficult for the state to cope with the influence of big data, and managers of such companies can have a noticeable influence on the political system of any country. This suggests that further economic growth requires a new wave of technological progress, which can be ensured by an excess of "cheap money".
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| ISSN: | 2256-0742 2256-0963 |