Digitalization of the Ukrainian economy: global challenges and local dilemmas

The rapid development of information and communication technologies has caused significant changes not only in public life, but also in business processes. Innovations and progressive methods of managing economic activity have caused inevitable changes in its structure. The reality of today is that 55% of global business is digital, and 99% of workers who moved to online work due to the COVID-19 pandemic do not want to return to their workplace in the office. Digitalization is a priority direction of development for modern Ukraine. Despite the significant efforts of the legislative and executive authorities of Ukraine to form the necessary infrastructure, the process of digitalization of the economy in the state still does not meet global challenges, which makes it a relevant object for modern research in the field of management. The theoretical and methodological basis of the study is the fundamental provisions of economic theory and the work of domestic and foreign scientists on the study of the process of transition of the global economic system to the digital space. The study is based on the dialectical method of cognition and a systematic approach. The purpose of this study is to deepen the theoretical foundations of the study of the digitalization of the economy and to identify the impact of global challenges on the digitalization of the economy of Ukraine. This study reveals the essence of theoretical and methodological approaches to the study of the concept of the digitalization of the economy, and establishes its key elements. The domestic and foreign works of scientists devoted to the development trends of the processes of digitalization of the economy and public life are analyzed. It is established that despite the large number of studies of this process, its theoretical aspects and problems of practical implementation are still insufficiently studied due to the high speed of innovative transformations that occur in the global economy and unforeseen factors, the management of which presents certain difficulties even for developed countries (such as the COVID-19 pandemic). The paper analyzes the position of Ukraine in international rankings that describe the process of digitalization and the level of development of the digital economy. It is established that the most significant assessment criterion for the state is the knowledge possessed by specialists in the field of technology and innovation. However, it is emphasized that the local state problem is the outflow of such a resource abroad due to the impossibility of ensuring a high level of wages and appropriate working conditions. The global challenges of digitalization of the economy are identified and local dilemmas are presented that hinder the transformation of economic activity and public life.