Correlation of Evolutional and Revolutionary Transformations in a Socio-Economic System in the Conditions of Information Economy’s Formation

Abstract

Purpose

The purpose of this chapter is to study the correlation of evolutional and revolutionary transformations in a socio-economic system in the conditions of the formation of an information economy by taking the example of modern Russia.

Methodology

To distinguish these transformations by studying the information economy, based on the materials of reports and recommendations of the OECD and the World Bank, the indicators that show macro-economic transformations in a socio-economic system in the conditions of formation of an information economy and their control values that correspond to evolutional and revolutionary changes were determined. During the research, the authors used the method of comparative analysis for comparing the values of the indicators in modern Russia with the control values of the indicators that show macro-economic transformations in the socio-economic system in the conditions of the formation of an information economy and classify the corresponding transformations as evolutional and revolutionary. The information and analytical basis includes the materials of the reports of the Higher School of Economics, the OECD, the World Bank, the International Telecommunication Union, the World Wide Web Foundation, the Digital single market, the INSEAD, the WIPO, and the Cornell University.

Results

As a result, it is concluded that the planned transformations in a socio-economic system in the conditions of formation of information economy by implementating the optimization model of this process have an evolutional characteristic. Herein, certain transformations have a revolutionary nature.

Recommendations

The authors determine that the largest revolutionary transformations are due for 2022–2025. However, their classification is caused not by high rate of growth of the indicators’ values but by their achievement of control values. Therefore, the largest socio-economic shifts in the economic system in the modern Russia due to the formation of an information economy will take place in 2019–2022. Hence, in this period, an anti-crisis management of this process should be conducted.

Citation

Bogoviz, A.V., Bodyako, A.V., Pochestnev, A.A., Medvedeva, N.A. and Velikanova, L.O. (2018), "Correlation of Evolutional and Revolutionary Transformations in a Socio-Economic System in the Conditions 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. 333-342. https://doi.org/10.1108/978-1-78756-287-520181034