The development of the Digital Economy has been a landmark breakthrough for economic systems in the 21st century, as it opens up opportunities for the full-scale implementation of new digital technologies and the optimization of economic activities. While the conceptual essence and specific features of the digital economy are described in detail in the existing literature, the practical foundations of its formation are poorly studied. In this book, the digital economy is studied from the perspective of neo-institutional economic theory. This allows for the tracking of the process of formation (institutionalization) of the digital economy, determining the basic institutions that are necessary for its formation and that exist in modern economic practice, and analyzing scenarios for the future development of the digital economy in the 21st century.

• Contents
• Digital Economy in the 21 Century: An Introduction to the Institutional Approach
• Part I: The Scientific Concept of the Digital Economy in the 21^st Century
• 1 Digital Economy as a Modern Type of Economic System
• 2 “Digitalization”- Overcoming Institutional Barriers
• 3 Development of the Information Technologies Sector in Latvia under Globalization
• 4 The Principles of Functioning and Priorities of Development of the Digital Economy
• 5 Classification of Breakthrough Digital Technologies and the Perspectives of Their Application in Economy
• Part II: The Process of Digital Economy Institutionalization in the 21^st Century
• 6 The Essence and Logic of the Process of Sectorial Markets’ Digital Transformation
• 7 The Current Tendencies of Economy Digitalization in Developed and Developing Countries
• 8 The Main Stages of the Digital Modernization of Economy
• 9 Implementation of Cluster Initiatives in the Digital Sphere as a Tool of Digital Entrepreneurship’s Institutionalization
• 10 Institutions of Support for Digital Entrepreneurship: Special Economic Zones, Innovative Networks and Technological Parks
• Part III: Meso-Level Institutions of the Digital Economy in the 21^st Century
• 11 Digitalization of Regional Economy: Problems and Perspectives
• 12 The Institutional Model of the Digital Economy Creation in a Modern Region
• 13 Managing a Modern Region Based on Digital Technologies
• Part IV: Macro-Level Institutions of the Digital Economy in the 21^st Century
• 14 State Institutional Regulation of Economy Digital Modernization
• 15 The Role of Financial Institutions in Supporting the Digital Economy
• 16 Digital Economy of the 21st Century: A View from the Positions of Developed and Developing Countries
• Part V: The Global Institutions of the Digital Economy in the 21^st Century
• 17 International Trade in the Digital Sphere: Barriers and Prospects for Development
• 18 The Existing and Perspective International Institutions for Supporting Digital Transformation of Economy
• 19 The Scientific and Methodological Approach to Provision and Evaluation of the Digital Economy’s Global Competitiveness
• 20 The Strategy of Optimal Development of the Digital Economy: A View from the Positions of Game Theory
• 21 The Institutional Model of Well-Balanced and Sustainable Digital Economy
• 22 The Institutional Mechanism of Managing the Digital Economy’s Development
• Part VI: Case Studies of Institutions of the Digital Economy in the 21^st Century
• 23 Problems and Prospects of Economic Cooperation Between Russia and Mexico
• 24 Innovative Critical Success Factors for Public – Private Partnerships (PPP) in Infrastructure Projects of Developing Countries. A Case of Zambia
• 25 Prediction Mechanism of the Territorial Socio-Economic Processes in Formation of the Information Systems
• 26 Specific Economic Security Regulations in the Context of Pathological Crises of Digital Transformation of Agricultural Organizations
• Conclusion: Institutional Perspectives of the Digital Economy’s Development in the 21^st Century
• List of Figures
• List of Tables
• Index