THE IMPACT OF DIGITALIZATION ON ECONOMIC MANAGEMENT THEORY AND PRACTICE: ANALYSIS AND PROSPECTS IN THE GLOBAL MARKETPLACE
Keywords:
Digitalization, Economic Management, Global Market.Abstract
In an ever-evolving information age, digitalization has reshaped the economic management landscape, opening up new opportunities while presenting a unique set of challenges. This literature review aims to explore the influence of digitalization on economic management theory and practice, highlighting the changes taking place in the way companies conduct their operations and interact with global markets. The study adopts an analytical approach to the existing literature according to the context of the research discussed. The results show that digitalization has catalyzed innovations in data collection and analysis, introduced automation and increased operational efficiency, and opened pathways for personalization of products and services. These factors have collectively enhanced companies' competitiveness and ability to operate on a global scale. However, these shifts also pose significant challenges, including cybersecurity concerns, the need for labor skills transfer, and the digital divide between different economic actors. Moreover, the findings emphasize the need for adaptive regulatory frameworks that can support cross-border cooperation while ensuring ethical and sustainable practices.
References
Amaral, A. F., Nunes, A. R., Santos, C. S. C. dos, Peruti, G. R., Teixeira, G. G. S. e, Albernaz, L. C., Brito, M. V. de, Dutra, V. A., & Szpiman, A. R. M. (2023). ENCONTRO COM MULHERES DA UBS DE VILA GARRIDO PARA A PROMOÇÃO DA SAÚDE FEMININA E PREVENÇÃO DE DOENÇAS. Anais Da Jornada Científica de Medicina Da Universidade Vila Velha (UVV), Query date: 2024-05-24 08:59:07. https://doi.org/10.29327/vijornadamedicinauvv.570920
Araújo, A., Cerdeira, J., Silva, E. C. e, Lopes, N., & Moura, A. (2023). Optimal configuration for communication antenna along a railway line. Query date: 2024-05-24 08:59:07. https://doi.org/10.33774/miir-2023-tkf3c
Chang, Y. (2023). The Absence of Rituals in Shoujie: Wang Zengqi’s Interpretation of Buddhism. Journal of Education, Humanities and Social Sciences, 8(Query date: 2024-05-24 08:59:07), 1478–1482. https://doi.org/10.54097/ehss.v8i.4507
Chien, C. W. (2023). Influence of Corpus Tools on Taiwanese EFL Writers Learning, Reception and Production of Academic Clusters. International Journal of Innovation and Learning, 1(1), 1–1. https://doi.org/10.1504/ijil.2023.10045215
Cordero, D. A. (2023). Letter to the Editor: Addressing Children’s Mental Health Issues Related to Economic Changes Caused by the COVID-19 Pandemic. Journal of Preventive Medicine and Public Health, 56(1), 95–96. https://doi.org/10.3961/jpmph.22.486
Elnaem, M. H., AbouKhatwa, M. M., Elrggal, M. E., & Dehele, I. S. (2023). Attention Deficit Hyperactivity Disorder: What Are Pharmacists’ Roles and Associated Outcomes? International Journal of Environmental Research and Public Health, 20(3), 2754–2754. https://doi.org/10.3390/ijerph20032754
Estanyol-Torres, N., Domenech-Coca, C., González-Domínguez, R., Miñarro, A., Reverter, F., Moreno-Muñoz, J. A., Jiménez, J., Martín-Palomas, M., Castellano-Escuder, P., Mostafa, H., García-Vallvé, S., Abasolo, N., Rodríguez, M. A., Torrell, H., Bas, J. M. del, Sanchez-Pla, A., Caimari, A., Mas-Capdevila, A., Andres-Lacueva, C., & Crescenti, A. (2023). A mixture of four dietary fibres ameliorates adiposity and improves metabolic profile and intestinal health in cafeteria-fed obese rats: An integrative multi-omics approach. The Journal of Nutritional Biochemistry, 111(Query date: 2024-05-24 08:59:07), 109184–109184. https://doi.org/10.1016/j.jnutbio.2022.109184
Heijden, J. van der. (2024). Unravelling programme success and complex causation in Agricultural Research for Development (AR4D): A systematic and comprehensive literature review. Agricultural Systems, Query date: 2024-05-10 07:14:07. https://www.sciencedirect.com/science/article/pii/S0308521X24000015
Jang, B., & Mohammadi, J. (2023). Bimodal Distribution Function with Fuzzy Regression in Predicting Random Truckload Patterns. ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems, Part A: Civil Engineering, 9(1). https://doi.org/10.1061/ajrua6.rueng-957
Jeong, J.-Y., & Lee, S.-Y. (2022). Effect of Middle-aged Parent Understanding Education for Middle School Students on Parent-Child Relationships. Korean Home Economics Education Association, 34(3), 25–47. https://doi.org/10.19031/jkheea.2022.9.34.3.25
Ji, X., Zheng, M., Yu, T., Kang, J., Fan, T., & Xu, B. (2023). NAD+-Consuming Enzymes in Stem Cell Homeostasis. Oxidative Medicine and Cellular Longevity, 2023(Query date: 2024-05-24 08:59:07), 1–11. https://doi.org/10.1155/2023/4985726
Jiang, Y., Yao, T., Geng, Z., Xiao, F., & Li, W. (2023). Characterization of the cyclodipeptide synthase gene cluster in Streptomyces sp. NRRL F-5123 by unraveling the biosynthesis of drimentine B. Tetrahedron, 131(Query date: 2024-05-24 08:59:07), 133213–133213. https://doi.org/10.1016/j.tet.2022.133213
Khatib, M. E., Ankit, A., Ameeri, I. A., Zaabi, H. A., Marqab, R. A., Alzoubi, H. M., & Alshurideh, M. (2023). The Role and Impact of Big Data in Organizational Risk Management. The Effect of Information Technology on Business and Marketing Intelligence Systems, Query date: 2024-05-24 08:59:07, 2139–2153. https://doi.org/10.1007/978-3-031-12382-5_117
Khmelinskii, I., & Makarov, V. I. (2023). IR exciton activation mechanism of ethanol oxidation by human alcohol dehydrogenase (ADH) 1A enzyme. Journal of Photochemistry and Photobiology A: Chemistry, 436(Query date: 2024-05-24 08:59:07), 114371–114371. https://doi.org/10.1016/j.jphotochem.2022.114371
Kim, E., Sung, K., Kim, C. O., Youm, Y., & Kim, H. C. (2023). The Effect of Cognitive Impairment on the Association Between Social Network Properties and Mortality Among Older Korean Adults. Journal of Preventive Medicine and Public Health, 56(1), 31–40. https://doi.org/10.3961/jpmph.22.350
Kraus, S., Bouncken, R., & Aránega, A. Y. (2024). The burgeoning role of literature review articles in management research: An introduction and outlook. Review of Managerial Science, Query date: 2024-05-10 07:14:07. https://doi.org/10.1007/s11846-024-00729-1
Lamb, M., & Howard, A. L. (2023). Binge Eating and Health Behaviors During Times of High and Low Stress Among First-year University Students. Collabra: Psychology, 9(1). https://doi.org/10.1525/collabra.68028
Lee, J.-H. (2022). The Parent-Child Education Program (PCEP) Evaluation. AEA Randomized Controlled Trials, Query date: 2024-05-23 16:39:27. https://doi.org/10.1257/rct.9985
Leonardo, S. A. (2023). Spatz3 Adjustable Balloon: Weight Loss and Response Rates in Brazil, and how to Correctly Use the Balloon Adjustment Technique. Perspective of Recent Advances in Medical Research Vol. 11, Query date: 2024-05-24 08:59:07, 93–101. https://doi.org/10.9734/bpi/pramr/v11/4652e
Liang, Q., Durrani, T. S., Liang, J., Koh, J., & Wu, Q. (2023). Artificial Intelligence for Wireless Networks. Ad Hoc Networks, 139(Query date: 2024-05-24 08:59:07), 102911–102911. https://doi.org/10.1016/j.adhoc.2022.102911
Mani, G., Danasekaran, R., & Annadurai, K. (2023). E-pharmacies in India: Empowerment or an emerging conundrum? Journal of Pharmacy And Bioallied Sciences, Query date: 2024-05-24 08:59:07. https://doi.org/10.4103/0975-7406.179424
McHugh-Russell, L. (2023). After ‘Subsistence Work:’ Labour Commodification and Social Justice in the Household Workplace. Social Justice and the World of Work, Query date: 2024-05-24 08:59:07. https://doi.org/10.5040/9781509961283.ch-030
Mouw, T. J., Senders, Z., Philips, P., Scoggins, C. R., Egger, M. E., Al-Kasspooles, M. F., McMasters, K. M., & Martin, R. C. G. (2023). Continuous manual agitation significantly improves temperature distribution during closed hyperthermic intraperitoneal chemotherapy: Results of a porcine model. Surgery, 173(3), 590–597. https://doi.org/10.1016/j.surg.2022.08.036
Musa, O. R., & Aguilar, O. H. (2023). Las cooperativas y su impacto en un mundo digitalizado. Valoraciones desde y para Cuba. CIRIEC-España, Revista Jurídica de Economía Social y Cooperativa, 41, 259–259. https://doi.org/10.7203/ciriec-jur.41.25771
Nawaz, M. F., Fatima, R., Gul, S., Rana, N., Ahmad, I., Naseer, J., Afzal, S., Yasin, G., Asif, M., Khan, S. H., & Altaf, M. (2023). Study of human knowledge and attitude toward urban birds in Faisalabad city, Pakistan. Brazilian Journal of Biology, 83(Query date: 2024-05-24 08:59:07). https://doi.org/10.1590/1519-6984.249229
Nguyen, D., Boeren, E., Maitra, S., & ... (2024). A review of the empirical research literature on PLCs for teachers in the Global South: Evidence, implications, and directions. … Development in Education, Query date: 2024-05-10 07:14:07. https://doi.org/10.1080/19415257.2023.2238728
Nor, G. K., Govinatzki, I. R., Reis, L. V., Szapszay, T. de O., Oliveira, M. J. de, & Montanari, C. C. (2023). Incidence of malignant neoplasms in Porto Alegre and Salvador in 2020 according to DATASUS / Incidência de neoplasias malignas em Porto Alegre e Salvador em 2020 de acordo com o DATASUS. Revista de Pesquisa Cuidado é Fundamental Online, 15(Query date: 2024-05-24 08:59:07), 1–6. https://doi.org/10.9789/2175-5361.rpcfo.v15.11518
PETRAKOS, G., RONTOS, K., SALVATI, L., VAVOURA, C., & VAVOURAS, I. (2023). THE IMPACT OF ECONOMIC, POLITICAL, AND INSTITUTIONAL FACTORS ON BUDGET BALANCES OF THE HEAVILY INDEBTED EUROPEAN COUNTRIES. Journal of Urban and Regional Analysis, 15(1). https://doi.org/10.37043/jura.2023.15.1.4
Ray, T., & Sinha, R. K. (2023). A posteriori error estimation and adaptive mesh refinement for parabolic interface problems using non-conforming immersed finite element method. Journal of Computational and Applied Mathematics, 419(Query date: 2024-05-24 08:59:07), 114714–114714. https://doi.org/10.1016/j.cam.2022.114714
Sotenga, P. Z., Djouani, K., & Kurien, A. M. (2023). A virtual gateway media access placement approach for large-scale Internet of Things. Journal of Network and Computer Applications, 209(Query date: 2024-05-24 08:59:07), 103543–103543. https://doi.org/10.1016/j.jnca.2022.103543
Torres, B., Serrasqueiro, Z., & Oliveira, M. (2024). Portugal’s Crowdfunding: A Systematic Literature Review. Journal of Risk and Financial …, Query date: 2024-05-10 07:14:07. https://www.mdpi.com/1911-8074/17/1/37
Wang, X., Chen, J., Xiong, C., Li, S., & Xu, W. (2023). Analysis of Laser Cell Response Characteristics under Different Irradiation Conditions. Sustainability, 15(4), 3082–3082. https://doi.org/10.3390/su15043082
Xu, Q., Cao, H., & Liu, J. (2023). A Physics-Based Chip-Scale Surface Profile Model for Tungsten Chemical Mechanical Planarization. ECS Journal of Solid State Science and Technology, 12(2), 24004–24004. https://doi.org/10.1149/2162-8777/acb737
Zhang, Y., Li, G., Pong, T. K., & Xu, S. (2023). Retraction-based first-order feasible methods for difference-of-convex programs with smooth inequality and simple geometric constraints. Advances in Computational Mathematics, 49(1). https://doi.org/10.1007/s10444-022-10002-2
Zhukov, G. V., Alexeev, I. V., Korostin, S. V., Tokarev, N. A., Belugin, K. V., Ozerskaya, A. V., & Ganieva, R. M. (2023). 68Ga Unit of Activity: Traceability to the Russian National Primary Radionuclide Activity Standard. Measurement Techniques, Query date: 2024-05-24 08:59:07. https://doi.org/10.1007/s11018-023-02115-x
Downloads
Published
Issue
Section
License
Copyright (c) 2024 INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE © 2023 by Adisam Publisher is licensed under CC BY-SA 4.0
