The European Experience of Information Economy’s Formation

Abstract

Purpose

The purpose of the chapter is to study the European experience of formation of information economy.

Methodology

The methodology of this chapter is based on the method of statistical analysis, which is used for calculation of direct average of the values of the indicators of European countries for each indicator of information economy, scatter (variation), and deviation of the average value of European countries from the average value among the leading countries of the world (average global value). The objects of research of the European experience of information economy’s formation are the leading countries of Europe that have the largest potential and achieved the largest progress, setting the tone for other members of the European region. The leading countries are UK, Germany, and France. The data of 2017 are used.

Results

The results substantiate that modern Europe achieved sufficient progress in information economy’s formation, and differentiation of the level of informatization of economic systems is expressed vividly, but only in certain aspects. In general, it is possible to determine common tendencies and peculiarities based on offered conceptual model of establishment and development of information economy in European countries. This new conceptual model takes into account and reflects the existing disproportions, of which the most vivid is overestimated massive technosphere, which is not implemented to the full potential due to social problems. Against its background, sociosphere and economic sphere that are standard for modern leading countries seem to diminish. At the same time, due to the strong role of the state in economy of European countries, high effectiveness of state regulation in the process of information economy’s formation is achieved if high share of high-tech export is expressed with smaller expenditures for innovations in the ICT spheres.

Recommendations

It is recommended to use the offered conceptual model to study the process of formation of information economy in European countries and comparing the effectiveness of this process in other regions of the world.

Citation

Bogoviz, A.V., Mishchenko, O.A., Bychkova, S.G., Bogdanova, M.V. and Kolomoets, E.N. (2018), "The European Experience of Information Economy’s Formation", Sukhodolov, A.P., Popkova, E.G. and Litvinova, T.N. (Ed.) Models of Modern Information Economy, Emerald Publishing Limited, Leeds, pp. 57-66. https://doi.org/10.1108/978-1-78756-287-520181007