Analysis of Digital Strategies of the USA and South Korea for the Russian Practice

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Abstract

An indispensable condition for the successful strategic development of the national economy in the modern world is its digital transformation (DT). It makes it possible to increase production effectiveness, form new factors of competitiveness, and change seriously the balance of power in particular markets and in the global arena. The search for ways to master these opportunities by means of digital strategies is conducted by the states of all major countries of the world. However, these courses are not always effective to solve the tasks set, even in the known digital leaders, such as the United States and South Korea. Their DT strategies often do not fully consider the conditions that caused them and require adjustments. The determination of such shortcomings and their causes is extremely important for modern Russia, in which the terms of external sanctions and pandemic require the course’ optimization considering the foreign experience. It requires a special analysis of the digital strategies of these countries, this to become the subject of this study, in order to identify their shortcomings and limitations essential to account to implement successfully the Russian digital strategy. The conducted research resulted with the parameters necessary for the success of the digital strategy identification, i.e. its compliance with the socio-economic structure of the country and with the level of innovation activity of national business and its readiness to switch to digital; the attracting of the broad strata of entrepreneurs and other stakeholders to the course’ implementation. The consideration of these circumstances makes it possible to refine significantly Russia's digital strategy and increase its effectiveness in the practice.

About the authors

Evgeniya L. Moreva

Financial University under the Government of the Russian Federation

Email: elmoreva@fa.ru
Cand. Sci. (Econ.), Associate Professor; Deputy Director Moscow, Russian Federation

Lyudmila V. Obolenskaya

Financial University under the Government of the Russian Federation

Email: obolenskayalv@gmail.com
Cand. Sci. (Eng.), Leader research associate Moscow, Russian Federation

Olga M. Abrosimova

Financial University under the Government of the Russian Federation

Email: omabrosimova@fa.ru
Research Intern Moscow, Russian Federation

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