Digital economy: regulatory issues Cover Image

E-gospodarka: problem regulacji
Digital economy: regulatory issues

Author(s): Piotr Wiśniewski
Subject(s): Economy, Supranational / Global Economy
Published by: Instytut Badań Gospodarczych
Keywords: regulation; digital economy; cybercrime; e-commerce; bitcoin

Summary/Abstract: Motivation: The dynamic development of telecommunication technology and linked with it social change, created new conditions for economy functioning. They are related with change in the state role and its regulation ability. Digital economy is a global phe-nomenon that is regulated locally. From the point of view of economic sciences, under-standing the currently existing principles of its functioning, both in the context of op-portunities as well as threats, is the basis for effective research and modelling. This gives an opportunity for verify previous economic theories under new circumstances. This is a starting point for research on the new economic reality. Aim: The aim of this article is to review theories of digital economy regulation as well as the existing solu-tions to the problem of regulation of this global phenomenon. Based on the collected material, an attempt was made to identify the direction of digital economy development and the possibility of its regulation. Results: Currently existing solutions in terms of digital economy regulation may be considered as insufficient. Based on the Bitcoin case, it can be stated that the global approach to the digital economy is inconsistent. In gen-eral, there is also lack of coherent approach to the regulation of new economic phenom-ena. Considering the dynamic technology development and the high probability of fur-ther market innovations, it seems necessary to search for flexible solutions and theories specific to digital economy.

  • Issue Year: 2/2017
  • Issue No: 1
  • Page Range: 27-35
  • Page Count: 9
  • Language: Polish