Digitalization and Business Activity. The Struggle to Catch Up in CEE Countries

Increases in productivity and competitiveness of an economy are based mostly on the actions of companies in terms of providing technical capital to workers and of operations efficiency (management, financial, recruitment, finding markets and suppliers, internal and external communication, etc.) thro...

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Bibliographic Details
Published in:Sustainability 2019-04, Vol.11 (8), p.2204
Main Authors: Trașcă, Daniela Livia, Ștefan, George Marian, Sahlian, Daniela Nicoleta, Hoinaru, Răzvan, Șerban-Oprescu, George-Laurențiu
Format: Article
Language:English
Subjects:
Automation
Business models
Competitiveness
Digital technology
Digitization
Economic conditions
Economic models
Exports
Financial management
Information technology
Investments
Labor productivity
Literature reviews
Private equity
Securities markets
Skills
Small & medium sized enterprises-SME
Technological change
Trends
Upgrading
Value added
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Summary:Increases in productivity and competitiveness of an economy are based mostly on the actions of companies in terms of providing technical capital to workers and of operations efficiency (management, financial, recruitment, finding markets and suppliers, internal and external communication, etc.) through digitalization. This paper deals with the way in which the economies and companies in Central and Eastern European (CEE) countries manage to adapt to the trend that started, mostly after 2000, in digitalization; also, it analyzes the extent to which an increase in the degree of business upgrading via integrating digital technology into the business model leads to a surge in economic performances (productivity, exports) and, consequently, to a greater attractivity to foreign capital flows.
ISSN:2071-1050
2071-1050
DOI:10.3390/su11082204