Adaptation to the risks of digitalization: New survival trends for states in a multipolar world

The purpose is to study the new survival trends for states in a multipolar world, determine the successfulness of adaptation to the digitalization of different growth poles, and develop the applied recommendations to improve the practice of adaptation to the risks of digitalization of these growth poles. Design/methodology/approach. The authors use the methods of economic statistics: variation analysis, trend analysis, correlation analysis, and regression analysis. Findings. The commonness of strategies of adaptation to the risks of digitalization for different poles of the world economy is substantiated, and two universal mechanisms—talent management and development of science—are found. The originality of this research is due to the consideration of digitalization from a new view—from the positions of setting states at the brink of survival due to the aggressive digital competition and high complexity of ensuring global competition in a quickly changing digital landscape. The uniqueness of this research is due to taking into account the specific features in a multipolar world. The practical implementation of the offered recommendations opens future perspectives for more successful survival trends in a multipolar world and the improvement of their adaptation to risks digitalization by 69.91% in G7 countries (on average) and by 88.40% in BRICS countries (on average). © 2021 by the authors. Licensee MDPI, Basel, Switzerland.

Journal
Publisher
MDPI
Number of issue
12
Language
English
Status
Published
Number
218
Volume
9
Year
2021
Organizations
  • 1 Chair “Compliance and Controlling”, Peoples’ Friendship University of Russia, Moscow, 117198, Russian Federation
Keywords
Adaptation to the risks of digitalization; BRICS; G7; Multipolar world; New trends; Reduction of inequality of countries; Risk management; Risks; Survival of states
Date of creation
06.07.2022
Date of change
06.07.2022
Short link
https://repository.rudn.ru/en/records/article/record/84481/
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