Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy

Global control of business by a state causes a conflict of interests and additional barriers to the development of international trade, which necessitates the formation of an appropriate strategy for balanced relations between business and society in the digital economy. Taking into account the main...

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Autores principales:	Ihor Nestoryshen, Yevhenii Rudnichenko, Serhii Shevchuk, Liudmyla Oliynyk, Nataliia Havlovska, Liudmyla Bohatchyk
Formato:	article
Lenguaje:	EN
Publicado:	UIKTEN 2021
Materias:	strategy international trade digital economy balance of interests game theory model Education L Technology T
Acceso en línea:	https://doaj.org/article/2cac15f8ce9e40148dc8f02bec2f0e24
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spelling	oai:doaj.org-article:2cac15f8ce9e40148dc8f02bec2f0e242021-12-01T09:29:47ZStrategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy10.18421/TEM104-112217-83092217-8333https://doaj.org/article/2cac15f8ce9e40148dc8f02bec2f0e242021-11-01T00:00:00Zhttps://www.temjournal.com/content/104/TEMJournalNovember2021_1572_1580.pdfhttps://doaj.org/toc/2217-8309https://doaj.org/toc/2217-8333Global control of business by a state causes a conflict of interests and additional barriers to the development of international trade, which necessitates the formation of an appropriate strategy for balanced relations between business and society in the digital economy. Taking into account the main provisions of the agency theory, the choice of an effective strategy for interaction between state institutions and FEA participants requires the adoption of an effective toolkit for estimating such interaction. Using the main provisions of game theory, the study developed a corresponding game model, which includes three participants: state, economic operators, society. Based on the modelling of relevant processes, it was concluded that a state has 80 pure strategies, economic operators have 20 pure strategies, and society has 5 pure strategies, while results of a current game make it possible to determine the most advantageous situation of interaction for a state and economic operators.Thus, from the standpoint of regulating international trade, the issues of forming a balance of interests of all participants in this process allow to obtain positive results not only for specific business entities, but also for society as a whole.Ihor NestoryshenYevhenii RudnichenkoSerhii ShevchukLiudmyla OliynykNataliia HavlovskaLiudmyla BohatchykUIKTENarticlestrategyinternational tradedigital economybalance of interestsgame theorymodelEducationLTechnologyTENTEM Journal, Vol 10, Iss 4, Pp 1572-1580 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	strategy international trade digital economy balance of interests game theory model Education L Technology T
spellingShingle	strategy international trade digital economy balance of interests game theory model Education L Technology T Ihor Nestoryshen Yevhenii Rudnichenko Serhii Shevchuk Liudmyla Oliynyk Nataliia Havlovska Liudmyla Bohatchyk Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy
description	Global control of business by a state causes a conflict of interests and additional barriers to the development of international trade, which necessitates the formation of an appropriate strategy for balanced relations between business and society in the digital economy. Taking into account the main provisions of the agency theory, the choice of an effective strategy for interaction between state institutions and FEA participants requires the adoption of an effective toolkit for estimating such interaction. Using the main provisions of game theory, the study developed a corresponding game model, which includes three participants: state, economic operators, society. Based on the modelling of relevant processes, it was concluded that a state has 80 pure strategies, economic operators have 20 pure strategies, and society has 5 pure strategies, while results of a current game make it possible to determine the most advantageous situation of interaction for a state and economic operators.Thus, from the standpoint of regulating international trade, the issues of forming a balance of interests of all participants in this process allow to obtain positive results not only for specific business entities, but also for society as a whole.
format	article
author	Ihor Nestoryshen Yevhenii Rudnichenko Serhii Shevchuk Liudmyla Oliynyk Nataliia Havlovska Liudmyla Bohatchyk
author_facet	Ihor Nestoryshen Yevhenii Rudnichenko Serhii Shevchuk Liudmyla Oliynyk Nataliia Havlovska Liudmyla Bohatchyk
author_sort	Ihor Nestoryshen
title	Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy
title_short	Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy
title_full	Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy
title_fullStr	Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy
title_full_unstemmed	Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy
title_sort	strategy for balancing interests of business, government and society in the field of international trade in the digital economy
publisher	UIKTEN
publishDate	2021
url	https://doaj.org/article/2cac15f8ce9e40148dc8f02bec2f0e24
work_keys_str_mv	AT ihornestoryshen strategyforbalancinginterestsofbusinessgovernmentandsocietyinthefieldofinternationaltradeinthedigitaleconomy AT yevheniirudnichenko strategyforbalancinginterestsofbusinessgovernmentandsocietyinthefieldofinternationaltradeinthedigitaleconomy AT serhiishevchuk strategyforbalancinginterestsofbusinessgovernmentandsocietyinthefieldofinternationaltradeinthedigitaleconomy AT liudmylaoliynyk strategyforbalancinginterestsofbusinessgovernmentandsocietyinthefieldofinternationaltradeinthedigitaleconomy AT nataliiahavlovska strategyforbalancinginterestsofbusinessgovernmentandsocietyinthefieldofinternationaltradeinthedigitaleconomy AT liudmylabohatchyk strategyforbalancinginterestsofbusinessgovernmentandsocietyinthefieldofinternationaltradeinthedigitaleconomy
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Strategy for Balancing Interests of Business, Government and Society in the Field of International Trade in the Digital Economy

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