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Regional Economics: Theory and Practice
 

The social cost of digitalization of the economy

Vol. 19, Iss. 4, APRIL 2021

Received: 31 August 2020

Received in revised form: 18 February 2021

Accepted: 5 March 2021

Available online: 15 April 2021

Subject Heading: ECONOMIC SECURITY

JEL Classification: L86, М14, О33, R58, Z13

Pages: 718–754

https://doi.org/10.24891/re.19.4.718

Galina A. SHUVALOVA Karaganda State Technical University, Karagandy, Republic of Kazakhstan
Shuvalovakstu@gmail.com

https://orcid.org/0000-0002-7151-8478

Subject. This article explores and discusses the features of innovation-based development of the economy.
Objectives. The article aims to consider the issues of the development of the digital economy of the Karagandy Province and Kazakhstan.
Methods. For the study, I used the statistical analysis and comparative methods.
Results. The article substantiates the objective necessity to involve specialists to assess the socio-economic impact of the digitization of the economy and develop specific standards and regulations.
Conclusions. Irresponsible attitudes towards the development of the digital economy can have a detrimental effect on the human personality and socio-psychological climate in society. Industry 4.0 leads to a new type of jobs, which imposes new demands on education and training.

Keywords: social consequences, information market, digitalization, natural systems, artificial systems

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