DIGITAL ECONOMY: DEFINITION, ADVANTAGES, DISADVANTAGES

Abstract

The purpose of the study is to analyze the current state and develop effective measures to regulate the
digital economy to achieve sustainable economic growth, improve the competitiveness of the economy and improve
the quality of life of the population of the Republic of Kazakhstan. The introduction of information technologies in the
public sector brings to a qualitatively new level key aspects of life – from payment for utilities to insurance policies
and treatment. The methodology is based on methods of analysis, synthesis, induction and deduction. The value of
the research is that the model of digital economy development is defined. The practical significance of the study lies
in the development of proposals to improve the regulation of the digital economy in the Republic of Kazakhstan. The
digital economy is becoming an important driver of innovation, economic growth and competitiveness. More than
15 countries are implementing a national programme of digitization. The formation and development of the national
segment of the digital economy through the use of trusted, mainly domestic ICT, and its further integration into the
global digital economy, on the one hand, provides a “window of opportunity” for the integration of the economy of
the Republic of Kazakhstan in the emerging world economic order, and on the other hand – carries significant risks to
economic security and sovereignty of the state. The article is executed within the project AP05135078 “Formation and
development of digital economy in the Republic of Kazakhstan: theory and practical measures of realization” of grant
financing of scientific researches of the Ministry of education and science of the Republic of Kazakhstan.