Globalization and the Newest Forms of Economic Reality

¹ Institute for Regional Economic Studies Russian Academy of Sciences Leading researcher 38, Serpuhovskaya str., Saint Petersburg, 190013, Russia
² State University of Aerospace Instrumentation, Bolshaya Morskaya str. 67, Saint Petersburg, 190000, Russia.

^* Corresponding author: sovmu88@mail.ru

Abstract

Research background: Globalization has outlined the contours of a new technological reality in which the emergence of major innovations is due to NBIC-convergence, which has combined the achievements of nanotechnology (N), biotechnology (B), information technology (I) and cognitive science (C). The global nature of the development of information and telecommunication technologies contributed to the formation of the digital economy and the newest forms of economic reality accompanying it.

Purpose of the article: The goal set by the authors is to conduct a study of the latest forms of economic reality associated with the impact of globalization on economic development. It is necessary to analyze the metamorphoses that occur with the forms of knowledge, forms of management, forms of organization of production, etc.

Methods: The basis of the methodological basis of the research was formed by the principles of dialectical logic, historical research, the application of cause-effect and functional-structural analysis, which allow revealing the essence of socio-economic macroeconomic and regional processes, as well as micro-level processes occurring in the digital economy under the influence of globalization.

Findings & Value added: In the course of the research, the identification of the newest forms of economic reality and their signs was carried out. The causal-logical relationship of globalization, the emergence of the newest forms of economic reality, economic transformations and structural shifts in the economy was analyzed. The accompanying changes in economic growth and the impact of these changes on the quality of life are considered.