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Economic and Legal Foundations of Innovative Development in the Digital Age

Economic and Legal Foundations of Innovative Development in the Digital Age
Author: Gabibulla Khasaev
Publisher:
Total Pages:
Release: 2022-06-15
Genre:
ISBN: 9781685077303

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The digital age is a modern stage of the development of society and economy, which started with the wide use of the first digital technologies (Internet, mobile communication) and reached its peak amid the Fourth Industrial Revolution due to the dissemination of smart technologies (the Internet of Things, artificial intelligence). The digital age has the highest rate of technological progress in the entire history of industrial revolutions, which predetermines two specific features of this age. The first specific feature is as follows: unlike the previous industrial revolutions, when, despite certain companies' transition to new technologies, other companies - due to the traditional thinking of society - preserved the previous technological mode for a long time, the society progressed together with economy. Digital technologies transform not only the processes of production but also the processes of distribution and consumption of products. The growing demand for digital innovations is strong pressure on the market, which does not allow companies to remain aside from the Fourth Industrial Revolution. The second specific feature is that digitalization takes place in waves - continuously and over and over again. This is the difference between the Fourth Industrial Revolution and the previous revolutions when the technological transition was momentary and single-step. Due to this specific feature, there emerged a hypothesis that the digital age could have not one but several industrial revolutions. Followers of this hypothesis suggest considering technological progress in the macro-scale, distinguishing the pre-digital age, which was the time of the first three industrial revolutions, and the digital age, which was opened by the Fourth Industrial Revolution. Regardless of the level of the view of the digital age, it is obvious that it requires continuous, step-by-step digital innovations. This book's contribution to the literature on digital innovations is due to offering a new scientific and methodological approach to managing innovative development in the digital age. The main feature of the new approach is active, continuous, and comprehensive interaction between government, society, and entrepreneurship. The advantage of the new approach is the increase of effectiveness of state and corporate management of innovative development, as well as accelerated and well-balanced adaptation of society to the digital age. This book is aimed primarily at scholars studying digital innovations. For them, the book offers fundamental developments, empirical overview, case studies, and scientific and methodological recommendations in the sphere of innovative development of state and law, society, and economy in the digital age. Due to its multidisciplinary character, the book will also be of interest to the representatives of various humanitarian disciplines: legal, social, and economic. The book will be also of interest for practicing experts involved with the practice of corporate management and for bodies of public administration of innovative development in the digital age. For them, the book offers various issues of economic and legal regulation of innovative development in the digital age, due to which it could be a theoretical and methodological guide for improving this management.


The Economic and Legal Foundations of Managing Innovative Development in Modern Economic Systems

The Economic and Legal Foundations of Managing Innovative Development in Modern Economic Systems
Author: Elena G. Popkova
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 188
Release: 2020-10-26
Genre: Business & Economics
ISBN: 3110639904

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Innovation is of critical value in the modern global economy, as it performs several important economic functions. The first is related to supporting the sustainability of socio-economic systems, preventing the emergence of crises and, if they do occur, providing solutions to overcome their consequences. Secondly, innovation allows for the activation of economic growth and social progress through the rationalization of economic activities. Thirdly, innovation supports the global competitiveness of economic systems, allowing for the specialization of production and sales of unique goods that are in high demand in both domestic and global markets. At the same time, innovational development in economic systems is required to mitigate the high levels of risk and requires both effective management and a reliable normative and legal foundation. This book studies the economic and legal foundations of managing the innovational development of economic systems from an interdisciplinary perspective, bringing together the thoughts of international scholars in management, economics and law.


Innovation, Creativity and Law

Innovation, Creativity and Law
Author: W. Kingston
Publisher: Springer Science & Business Media
Total Pages: 247
Release: 2012-12-06
Genre: Business & Economics
ISBN: 940090455X

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This book develops the theme of my earlier Innovation: The Creative Impulse in Human Progress, and considerably expands the latter book. I came to the study of innovation from experience in industry which had brought me into close practical contact with it, and my initial interest in the subject was in terms of the way in which it expressed human creativity. Progressively, however, my focus shifted towards the laws which help or hinder creativeness in being economically fruitful. This led to the writing of The Political Economy of Innovation and the editing of Direct Protection of Innovation. In the latter work, I had the opportunity of arguing the case for specific new law to complement the Patent system, and of having that case criticised by experts. Just as the first book set economic innovation in a wider context of creativity, the present one sets the law that makes it possible in a wider context of property rights. This is because my study of intellectual property resulted in growing awareness of the incomparable past value and even greater future potential of these rights for innovation and prosperity. My intellectual debt to Douglass North is as great in this later stage as it was to Joseph Schumpeter in the earlier one, and to Christopher Dawson, by whom I had the good fortune to be taught in person, in both.


The Institutional Foundations of the Digital Economy in the 21st Century

The Institutional Foundations of the Digital Economy in the 21st Century
Author: Elena G. Popkova
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 203
Release: 2021-02-08
Genre: Business & Economics
ISBN: 3110650711

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The development of the Digital Economy has been a landmark breakthrough for economic systems in the 21st century, as it opens up opportunities for the full-scale implementation of new digital technologies and the optimization of economic activities. While the conceptual essence and specific features of the digital economy are described in detail in the existing literature, the practical foundations of its formation are poorly studied. In this book, the digital economy is studied from the perspective of neo-institutional economic theory. This allows for the tracking of the process of formation (institutionalization) of the digital economy, determining the basic institutions that are necessary for its formation and that exist in modern economic practice, and analyzing scenarios for the future development of the digital economy in the 21st century.


Principles of Digital Economics

Principles of Digital Economics
Author: Zhiyi Liu
Publisher: Springer Nature
Total Pages: 175
Release: 2022-02-11
Genre: Business & Economics
ISBN: 9811690200

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This book aims to "digital economics" as an inter-discipline research area, by integrating economics, philosophy of technology, computer science and sociology. It takes an in-depth look at the history of technology development covering the changes and challenges to the society and thoughts, as it is, which helps readers to understand the logic and operation of the emerging integrated economy. Also a lot of innovation cases in digital transformation of China are presented in this book.


Handbook of Digital Innovation

Handbook of Digital Innovation
Author: Satish Nambisan
Publisher: Edward Elgar Publishing
Total Pages: 320
Release: 2020-07-31
Genre: Business & Economics
ISBN: 1788119983

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Digital innovations influence every aspect of life in an increasingly digitalized world. Firms pursuing digital innovations must consider how digital technologies shape the nature, process and outcomes of innovation as well as long- and short-term social, economic and cultural consequences of their offerings. This Handbook contributes to a transdisciplinary understanding of digital innovation with a diverse set of leading scholars and their distinct perspectives. The ideas and principles advanced herein set the agenda for future transdisciplinary research on digital innovation in ways that inform not only firm-level strategies and practices but also policy decisions and science-focused investments.


Innovative Development and Global Challenges

Innovative Development and Global Challenges
Author: Daria Soldatenko
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

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Technology has traditionally been the basis for the economic development of the world community. Whether it is a variety of heat engines or blockchain technologies or the Internet of things, which are gaining enormous popularity in the current stage of digitalization. But regardless of the phase of the economic cycle and the level of development of technology, technologies are implemented as a product of intellectual activity being its derivative. They may take the form of inventions, methods of managing and adjusting production, implemented improvements etc. Technologies are innovations in a broad sense, implemented in all spheres of the economic life of society and leading to the creation / consolidation of competitive advantages, solving a production problem and meanwhile increasing the efficiency of resource use.Today end-to-end digital technologies are being formed and developed in the context of global problems and challenges. And as the experience of the covid pandemic show these challenges often have a positive impact on the accelerated introduction of digital technologies into both economic and social life of the world community which is changing the direction of modern innovative development in the short and medium term.


Disruptive Technology, Legal Innovation, and the Future of Real Estate

Disruptive Technology, Legal Innovation, and the Future of Real Estate
Author: Amnon Lehavi
Publisher: Springer Nature
Total Pages: 183
Release: 2020-09-30
Genre: Law
ISBN: 303052387X

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This book addresses challenges that new technologies and the big data revolution pose to existing regulatory and legal frameworks. The volume discusses issues such as blockchain and its implications for property transactions and taxes, three (or four) dimensional title registration, land use and urban planning in the age of big data, and the future of property rights in light of these changes. The book brings together an interdisciplinary collection of chapters that revolve around the potential influence of disruptive technologies on existing legal norms and the future development of real estate markets. The book is divided into five parts. Part I presents a survey of the current available research on blockchain and real estate. Part II provides a background on property law for the volume, grounding it in fundamental theory. Part III discusses the changing landscapes of property rights while Part IV debates the potential effects of blockchain on land registration. Finally the book concludes with Part V, which is devoted to new technological applications relevant to real estate. Providing an interdisciplinary perspective on emerging technologies that have the potential to disrupt the real estate industry and the regulation of it, this book will appeal to a broad audience, consisting of scholars, policy-makers, practitioners, and students, interested in real estate, law, economics, blockchain, and technology policy.


Digital Innovation and the Future of Work

Digital Innovation and the Future of Work
Author: Hans Schaffers
Publisher: CRC Press
Total Pages: 270
Release: 2022-09-01
Genre: Science
ISBN: 1000796965

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The concept of digitalization captures the widespread adoption of digital technologies in our lives, in the structure and functioning of organizations and in the transformation of our economy and society. Digital technologies for data processing and communication underly high-impact innovations including the Internet of Things, wireless multimedia, artificial intelligence, big data, enterprise platforms, social networks and blockchain. These digital innovations not only bring new opportunities for prosperity and wellbeing but also affect our behaviors, activities, and daily lives. They enable and shape new forms of production and new working practices in sectors such as manufacturing, healthcare, logistics and supply chains, energy, and public and business services. Digital innovations are not purely technological but form part of comprehensive systemic innovations of a sociotechnical and networked nature, requiring the alignment of technology, processes, organizations, and humans. Examples are platform-based work, customer driven value creating networks, and urban public service systems. Building on widespread networking, algorithmic decisions and sharing of personal data, these innovations raise intensive societal and ethical debates regarding key issues such as data sovereignty and privacy intrusion, business models based on data surveillance and negative externalization, quality of work and jobs, and market dominance versus regulation. In this context, this book focuses on the implications of digitalization for the domain of work. The book studies the changing nature of work as well as new forms of digitally enabled organizations, work practices and cooperation. The book sheds light on the technological, economic, and political forces shaping the new world of work and on the prospects for human-centric and responsible innovations.


Introduction to Digital Transformation

Introduction to Digital Transformation
Author: Abbas Strømmen-Bakhtiar
Publisher: Informing Science Press
Total Pages: 334
Release:
Genre: Business & Economics
ISBN: 1681100509

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This book aims to inform the non-IT specialist about the technological revolution that is taking place and, specifically, how the digital component of it is affecting our lives. It is hoped that this information will fill possible information gaps in readers’ mental model, enabling them to make better-informed decisions. This book can also be used as a textbook in a stand-alone introductory course to the digital revolution and its effects on society. The course could be used in both bachelor and master degree programs in business management, healthcare management, sociology, or any other non-IT programs. Chapter 1. This chapter, although the longest, is a brief review of the interactions between technology, economy, and politics. The subject is a much neglected one, and I believe that understanding of these interactions is vital for understanding the underlying causes of some of our most important pressing issues. The chapter discusses the interactions between technologies, economy, and politics, examining the effect of technologies on economic development and political ideologies. Chapter 2. This chapter deals with technological revolutions in general and the digital revolution in particular. I shall discuss the components of the digital economy. These being: knowledge, digitisation, virtualisation, molecularization, integration/internetworking, disintermediation, convergence, innovation, sharing economy, immediacy, and discordant. In addition, we shall examine the disruptors that are changing the face of competition in the marketplace. Chapter 3. This chapter deals with digital transformation, i.e., the process of using digital technology in all areas of business, changing the way the businesses operate and deliver value to their customers. We shall examine models for dealing with digital transformation. Chapter 4. We shall examine one of the most important developments of the 21st century, namely the advancements in Artificial Intelligence (AI). We shall look at how the human brain works and what is intelligence. We shall look at the artificial neural networks, machine learning, and deep learning. We shall also look at the deployment of AI in various fields such as healthcare, finance, Natural Language Processing (NPL), news media, and warfare. Chapter 5. This chapter deals with one of the most controversial and yet promising developments in finance and distributed secure databases, namely cryptocurrencies and blockchains. This subject is divided into two parts — the first part deals with the cryptocurrencies, and their viability as currencies. One of the most popular cryptocurrencies, the Bitcoin, will be examined in depth. The second part is somewhat technical and deals with the inner workings of the blockchains. As with cryptocurrencies, many see a bright future for the blockchains, especially in the form of smart contracts. Many believe that blockchains will be of great value in areas such as finance, handling contracts, healthcare and more. Blockchain promises to bring disintermediation to many industries and thereby reduce costs. Chapter 6. Technological revolutions tend to disrupt the lives of many middle-aged and older workers. New technologies give birth to new industries, destroying the old industries in the process. New technologies often require special skills that the old industry workers do not possess. The laid-off workers of the old industries can seldom find jobs in new industries since the new industries often rely on new technologies and skills that the old-industry workers do not possess. These workers need training, something that the prospective employers do not provide. Also, the new technologies, including AI, are automating many tasks, reducing the need for human workers. This chapter discusses the issue of automation and its effect on employment. Additionally, the type of jobs that are in danger of automation is discussed as well. Chapter 7. While chapter six discussed the employment situation, chapter seven considers the type of education required by the new industries. Also, the weaknesses of the existing educational system are considered, and alternative systems are proposed. Chapter 8. History tells us that whenever there has been a technological revolution, it has been accompanied by a shift in power, both nationally and internationally. The global shift of power has seldom been a peaceful affair. It often has resulted in major wars and global reorientation. This chapter discusses the possibility of the global shift of power. Currently, there are not that many countries or entities that can be considered as contenders. Of the three, Russia, European Union, and China, only one, China, is considered to have any chance of wresting power from the United States. The technological, economic and military power of China is compared and contrasted with the United States’.