ECONOMIC‟S DIGITALIZATION AND ENTRY BARRIERS IN HIGH-TECH INDUSTRIES: CHANGES DYNAMICS EVALUATION

  • Luedech Girdwichai Suan Sunandha Rajabhat University, Bangkok
Keywords: digital economy, high-tech industries, barriers to entry into the industry, intellectual property

Abstract

The article considers approaches to future forecasting on the basis of the economy digitalization. In this aspect, the entry barriers into high-tech industries are discussed, including their dual nature - the advantages that they provide and the risks that they carry. Ten main barriers were identified: intellectual property, marketing strategy, giants' market power, infrastructure, political confrontation, national security, high-tech product life cycle, staffing, global value chains, technological saturation. The main results of the study are: - The digitalization of the economy brings changes in the traditional entry barriers into the industry, since the physical boundaries of production, storage, trade and any other traditional principles of doing business are erased. - The main barrier to free economic space is an intellectual property. Already today, along with goods, works and services, it is included in the trade turnover, and its importance is growing more and more every year.

Published
2020-02-01
How to Cite
Girdwichai, L. (2020). ECONOMIC‟S DIGITALIZATION AND ENTRY BARRIERS IN HIGH-TECH INDUSTRIES: CHANGES DYNAMICS EVALUATION . Actual Economy: Local Solutions for Global Challenges, 151-155. Retrieved from https://conferaces.com/index.php/journal/article/view/141