Impact of the Digital Economy on the Priority Directions of Business Regulation

Abstract

Aim. The presented study aims to determine the prerequisites and directions for the transformation of government regulation and support for business structures in the context of the digitalization of the economy and to propose approaches for assessing its implementation and specific tools that could help to solve problems of economic development.Tasks. The authors analyze government support for the business sector of the economy and identify its features at different stages of development; describe tools used for the management and support of business structures, identifying problems and opportunities for their successful application at the regional level to achieve sustainable economic growth in Russia.Methods. This study uses analysis and synthesis in comparative statics and in a dynamic context as well as historical, systems, and ex-ante approaches. Results. The study confirms that government regulation and support for entrepreneurship in the context of the digitalization of the economy should be considered within the framework of an integrated approach based on a dynamic analysis of indicators at the macro- and microlevel, which would make it possible to analyze the most vulnerable aspects of government support for business structures and to develop a roadmap of actions to be taken.Conclusions. The authors substantiate the necessity of using infrastructure tools in the management of entrepreneurial development in Russia to eliminate the constantly emerging and existing imbalances between the needs of digital development and lagging government influence. Adjustments that need to be made in monitoring, forecasting, planning, and control are identified. These adjustments would make it possible to implement the scenario approach to management, mitigating external and internal risks in the global market of goods and services.