Governance Efficiency in Conditions of the World Economy Globalization and Digitalization

  • Denis S. USHAKOV International College, Suan Sunandha Rajabhat University, Bangkok, Thailand
  • Yuriy I. SIGIDOV Department of Accounting Theory Kuban State Agrarian University, Krasnodar, Russian Federation
  • Alexandru GRIBINCEA Department of Economic Sciences Free International University of Moldova (ULIM), Chișinău, Republic of Moldova
  • Iulita BIRCA Department of Economic Sciences National Institute for Economic Research, Chișinău, Republic of Moldova
  • Lama MASHAL Department of Economic Sciences Ben-Gurion University of the Negev, Beer-Sheva, Israel


The growth of internationalization, globalization have transformed the interaction within the ‘government-business’ framework, providing additional capacity to both its members and depriving them of such. The concept of ‘state's capacity’ in many contexts it is now used quite widely.

This paper aims to analyze the modern transformations of principles of foreign economic activities regulation; determined by transnationalization and by the global trend of innovative modernization; to identify the main characteristics, inherent to present stage of world economic development requirements; to analyze the effectiveness of informatization and net-working, as guidelines for world economy controlling. As the most significant scientific results of the research are the following results: in the globalization context the government capacity to regulate the economy and the businesses ability for self-regulation have been greatly undermined; for avoiding the extreme measures, the modern governments need today to review the general principles of foreign economic control, and to create a modern, conforming to the scientific and technical progress, infrastructure for implementing their regulatory competencies; sustainable economic progress in a complex system of world economic relations requires from the modern government to develop a set of measures, aimed at consolidating the domestic business, etc.

The results, obtained by the study, can be used in the process of developing the concepts, strategies and public policy in the sphere of governmental functions digitalization and problem of information inequality elimination, in the face of increasing international integration of e-business forms.


[1] Assetova, G., Kubeyev, Y., and Kizdarbekova, A. 2018. Problems of legislation systematization in the sphere of entrepreneurial activity. Journal of Advanced Research in Law and Economics, Volume IX, Winter, 7(37): 2239-2247.
[2] Atkinson, R., and Leigh, A. 2003. Customer-oriented e-government: Can we ever get there? In: G. Gurtin, M. Sommer (Eds.). The World of E-Government. Haworth Press.
[3] Bogdanovskaya, I. 2004. E-governance. Social Sciences and Modernity, 6: 147-164.
[4] Chadwick, A., and May, C. 2003. Interaction between States and Citizens in the Age of the Internet: ‘e-Government’ in the United States, Britain, and the European Union. Governance: International Journal of Policy, Administration, and Institutions, 16(2). Available at:
[5] Chechel, A., and Konoplyov, S. 2013. Approaches for estimating the degree of depression of a territory (a region). Skhid, 6(126): 180-185. DOI:
[6] Dunleavy, P., Margetta, H., Bastow, S., and Tinkler, J. 2005. New Public Management is Dead – Long Live Governance. Journal of Public Administration Research and Theory, 16(3): 467-494.
[7] Elyakov, A. 2004. Informational type of social inequity. Social Researches, 8: 254-263.
[8] Hajer, M., and Wagenaar, H. 2003. Deliberative Policy Analysis: Understanding Governance in the Network Society. Cambridge University Press.
[9] Howlett, M., and Rayner, J. 2006. Globalization and Governance Capacity: Explaining Divergence in National Forest Programs as Instances of ‘Next-Generation’ Regulation in Canada and Europe. Governance, 19(2): 251-275.
[10] Hroznyy, I., and Malyukov, V. 2016. Cluster specific strategies in development of regions. Skhid, 1(133): 16-20. DOI:
[11] Ivanov, D. 2004. The Society as a Virtual Reality. AST Publishing Group.
[12] Kapitonov, I.A., Voloshin, V.I., and Korolev, V.G. 2019. Energy security of territories as a factor of sustainable development under the conditions of economic changes. International Journal of Energy Economics and Policy, 9(6): 210-221.
[13] Kizdarbekova, A., and Karibayeva, A. 2014. Legal mechanisms of competition protection in the CIS countries: The Republic of Kazakhstan case study. Actual Problems of Economics, 156(6): 92-99.
[14] Kossymbayeva, S., Atkociuniene, V., Nukesheva, A., and Balkibayeva, A. 2019. Peculiarities of rural social infrastructure management. Research for Rural Development, 2: 139-145.
[15] Mishchenko, V., Naumenkova, S., Ivanov, V., and Tishchenko, I. 2018. Special aspects of using hybrid financial tools for project risk management in Ukraine. Investment Management and Financial Innovations, 15(2): 257-266.
[16] Naumenkova, S., Mishchenko, S., and Dorofeiev, D. 2019. Digital financial inclusion: Evidence from Ukraine. Investment Management and Financial Innovations, 16(3): 194-205.
[17] Plaskova, N.S., et al. 2017. Methodological support of organizations implementing innovative activities investment attractiveness estimation. Journal of Advanced Research in Law and Economics, Volume VIII, Winter, 8(30): 2533-2539.
[18] Popkova, E.G., Egorova, E.N., Popova, E., and Pozdnyakova, U.A. 2019. The model of state management of economy on the basis of the internet of things. Studies in Computational Intelligence, 826: 1137-1144.
[19] Prodanova, N.A., et al. 2019. Methodology for assessing control in the formation of financial statements of a consolidated business. International Journal of Recent Technology and Engineering, 8(1): 2696-2702.
[20] Rakhimbayeva, A., Madiyarova, D., Blokhina, T., and Korabayev, B. 2016. The possible consequences of accession of Kazakhstan to the World Trade Organization. Journal of Advanced Research in Law and Economics, Volume VII, Fall, 5(19): 1127-1135.
[21] Rudenko, M.N. 2019. Institutional arrangements for the realization of regional entrepreneurial potential. Public Policy and Administration, 18(2): 209-224.
[22] Rudenko, M.N., and Hochradel, R. 2017. Assessing the impact of the competency level on the success of companies' integration. Economy of Region, 13(1): 106-113.
[23] Shimko, P. 2004. The Optimal Regulating of Economic Systems. Business-press.
[24] Spivakovskyy, S., Spivakovska, T., Kanishchenko, O., and Elalfy, Sh. 2019. Marketing strategies of companies in internationalization process. Journal of Advanced Research in Law and Economics, Volume IX, Fall, 6(36): 2155-2162.
[25] Tiihonen, S. 2004. From Governing to Governance. A Process of Change. Tampere University Press.
[26] Ushakov, D.S., et al. 2018. Countries’ competitiveness as a factor of MNCs’ global expansion. Journal of Advanced Research in Law and Economics, Volume IX, Fall, 6(36): 2169-2175.
How to Cite
USHAKOV, Denis S. et al. Governance Efficiency in Conditions of the World Economy Globalization and Digitalization. Journal of Advanced Research in Law and Economics, [S.l.], v. 10, n. 8, p. 2566 – 2573, dec. 2019. ISSN 2068-696X. Available at: <>. Date accessed: 26 may 2024. doi: