Perspective Model of Well-balanced Information Economy

Abstract

Purpose

The purpose of this chapter is to develop a new perspective model of well-balanced information economy.

Methodology

The methodological tools of this work are based on application of the method of comparative analysis for comparing the old and the new model of information economy, modeling of socio-economic systems, simplex-method as an algorithm for solving the optimization task of linear programming, related to improvement of the conceptual model of information economy, and the method of formalization for graphical presentation of a new model of information economy.

Results

The developed and presented author’s perspective model of information economy envisages balancing in four main directions: infrastructural possibilities and readiness for their practical usage by society and business; state regulation and market self-management; existing and new information; and external information exchange. Despite the clarity and strictness of conceptual settings, the new model is peculiar for increased flexibility and adaptation to the peculiarities of the socio-economic practice of economic system. Thus, the new model of well-balanced information economy allows overcoming all drawbacks – logical mismatches and contradictions – of the existing (old) model of information economy.

Recommendations

Due to optimization of the conceptual model, its practical implementation in economic activities of modern socio-economic systems becomes possible – as a result of which, with accumulation of experience, it will be possible to assess true value of the idea of information economy’s formation for humanity and the global economic system.

Citation

Ilyina, L.A., Eremicheva, O.Y. and Kochetova, T.N. (2018), "Perspective Model of Well-balanced Information Economy", Sukhodolov, A.P., Popkova, E.G. and Litvinova, T.N. (Ed.) Models of Modern Information Economy, Emerald Publishing Limited, Leeds, pp. 183-189. https://doi.org/10.1108/978-1-78756-287-520181019