History of the Digital Economy in Russia

Undoubtedly, in the current age of advanced technologies and large-scale development, it is no longer possible to imagine ordinary life and work processes without various electronic mobile gadgets and access to the Internet. Any purchase and time management becomes easily accessible due to the digital economy options. The digital economy represents a combination of production, exchange, and further distribution processes, as well as consumption, which are carried out through electronic devices. The global development of the digital economy in Russia will somehow lead to fundamental changes in most economic sectors. The practical implementation of the most effective innovative technologies will make it possible to increase labor productivity, the population’s quality of life, make perfect business development aspects, form the new industries and related professions, and allow the state to achieve high indicators of independence and competitiveness. It is believed that the conceptual category of the digital economy has emerged in 1995 due to the active spread and modernization of information and communication technologies, primarily the Internet and mobile communications. The World Bank explains the category of the digital economy as a combination of relations within the economy, culture, and social medium, which are based on the practical implementation of the digital format, in fact, information and communication technologies.