Three Seas Economic Journal最新文献

{"title":"CURRENCY MARKET AND MECHANISMS OF ITS REGULATION IN THE SYSTEM OF ECONOMIC SECURITY OF THE STATE","authors":"O. Tereshchenko","doi":"10.30525/2661-5150/2022-1-26","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-26","url":null,"abstract":"The aim of the work is to improve the system of indicators to assess the economic security of the state in the foreign exchange market and ways to develop mechanisms of its regulation. Methodology. The study is based on a statistical evaluation of currency security indicators in the period 2008-2021, which allowed to establish that: first, the ratio of loans in foreign currency to total gross loans is a clear indicator of currency crises, when the value of the indicator increases to 60%, while in the pre-crisis period it is almost two times lower; secondly, the dollarization of the money supply changed in the range of 25%-33%, that is, the range of variation is insignificant, but in the post-crisis period, its level drops below 30%; thirdly, the level of dollarization of GDP, which is almost two times lower than the level of dollarization of the money supply, is characterized by greater variability and tends to increase in the crisis period and tends to decline in the post-crisis recovery period. The results of the work include a systematization of approaches to the interpretation of currency security and the factors that determine it. According to the narrow approach, currency security is reduced to the state of exchange rate, ensuring the stability of the national currency. Foreign exchange security in a broad sense also implies the ability to automatically set the balance of payments, sufficiency of official foreign exchange reserves, ensuring a stable inflow of foreign exchange into the domestic market with a high export potential and investment attractiveness of the country. Statistical evaluation of currency security indicators in the period 2008-2021 allowed to establish the peculiarities of their interrelation with the signs of currency crises. Proposals aimed at strengthening economic security in the foreign exchange market were substantiated. The practical implication is to improve the methodological recommendations for a comprehensive assessment of the level of currency security of the state based on supplementing the current system of six indicators with two additional indicators – the difference between interest rates on deposits in U.S. dollars and in hryvnias, the level of dollarization of the gross domestic product. The advantage of the first is less informational asymmetry compared to the difference between the forward and official hryvnia exchange rates, the advantage of the second is the demonstration of how much of the gross domestic product is served by the money supply in foreign currency. It is advisable to strengthen economic security in the foreign exchange market through the coordinated implementation of monetary, currency, fiscal, structural and investment policies, soft dedollarization, the use of financial derivatives and international lending. Value/originality. The proposed mechanisms of currency market regulation in the system of national economic security are based on the separation of narrow and broad approaches ","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74339827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"IMPLEMENTATION OF THE COMPANY'S ECONOMIC DEVELOPMENT STRATEGY","authors":"K. Malinoshevska","doi":"10.30525/2661-5150/2022-1-14","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-14","url":null,"abstract":"The article analyzes various approaches to the company strategy, reveals the practical aspects of formatting and structuring the strategy. The purpose of the article shows that the problems of forming an effective system of strategic management of an enterprise, as well as the development of its development strategy are very relevant. The strategy needs constant changes with additions and acquisition of new value and high quality. In the activities of the largest companies approaches to the formation of the strategy correlate with the recommendations of modern theory of strategic planning. Open and urgent strategy with breakdown by spheres of activity proved to be preferable, within each sphere sets of strategic decisions or directions of vectors of development in this sphere were formulated. In the management system of enterprises the main task is not a quick response to the current changes in the external environment, but the formation of a strategic vision of the future of the enterprise, the development of a flexible and viable development strategy, the anticipation of tactical and strategic threats to the enterprise, their timely elimination, as well as the practical use of strategic management ideas for sustainable development. In the conditions of modern economic development the role and importance of strategic planning in enterprises is increasing. New trends emerged in the market, one of which is joint venture. The impetus for the development of joint ventures was the growth of exchange rates and the fact that domestic production is much more profitable than importing the necessary products. In this situation, it is necessary to adopt foreign experience and thoroughly test strategic methods in joint ventures and collectively improve them in a dynamically developing market. Macro environment includes factors that do not have a direct impact on the short-term activities of the enterprise, but can affect its long-term functioning. Conducted research allows enterprises within the integrated structure, to determine its place in the integrated structure and the nature of the relationship with the leadership of this structure in the design and implementation of their economic development strategies. Methodology. The scientific approach to problem solving allows predicting the opportunities of the enterprise and avoiding threats through unclearly formed and implemented strategy. The main purpose of this article is to identify methodological approaches to assess the characteristics of the impact of factors, properties of enterprise development strategy and the introduction of new technologies based on the performance of enterprises, which characterize the effectiveness of their market. Results. Based on the factors that are most important for the development of the enterprise, the most important criteria of the strategy were identified, on the basis of which the classification of strategies for the development of the enterprise was developed. The","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76438973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FORMATION OF BUSINESS STRUCTURES IN THE CONTEXT OF PANDEMIC TRANSFORMATIONS","authors":"Z. Shatskaya","doi":"10.30525/2661-5150/2022-1-30","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-30","url":null,"abstract":"The purpose of the work is to study the process of formation of business structures in different regions of the world in the pre-pandemic and pandemic periods. The object of the study is the process of formation of business structures as integrated subjects of the global network economy. Methodology. The study uses the systematic method of cognition of processes and phenomena in their interconnection and development, as well as methods of statistical analysis used in the analysis of the formation of business structures in the pre-pandemic and pandemic periods. The results of the study reveal the features of the formation of new integration formations of network economy - business structures, which are understood as a complex open integrated system functioning in a dynamic globalized environment based on a combination of material and immaterial interests of member companies to accelerate joint development by accelerating the commercialization. joint innovation activities. It was found that the formation of business structures has become a modern global trend resulting from mergers and acquisitions (M&A) of several enterprises. Practical implications. The practical results of the study allow us to analyze the formation of global business structures in the pre-pandemic period (2015-2018) and the pandemic period (2019-2020). Thus, in the pre-pandemic period there was an annual increase in the number of global business structures by an average of 5%. However, their value in 2018 compared to 2015 decreased by 5.85% to USD 0.449 trillion. The number of global business structures in the regional aspect for 2015-2020, despite the impact of the COVID-19 pandemic, increased annually only in North America (8.4% in 2020 compared to 2015). Other regions of the world saw an annual decline in the number of business structures. It was found that since 2019, due to the impact of the COVID-19 pandemic, the number and value of business structures in the world has continued to decline, which has become rapid. The annual decline in the number of global business structures during the 2019-2020 pandemic averaged 6.37%, and the annual decline in their value averaged 33.19%. The regions that lost the most business during the 2019-2020 pandemic were Western Europe (2%), Southeast Asia (1.2%), and Eastern Europe (0.8%). Value/originality. The value of the study lies in the fact that it allows to analyze global trends in the formation of business structures in the pre-pandemic and pandemic periods and to identify further prospects for their formation in different regions of the world, given the rapid decline in the number of business structures in the world.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91122605","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"UKRAINE'S AGRICULTURAL SECTOR IN ENSURING GLOBAL FOOD SECURITY","authors":"L. Vdovenko","doi":"10.30525/2661-5150/2022-1-4","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-4","url":null,"abstract":"The article defines the role and place of the agrarian sector of Ukraine in ensuring not only national food security, but also global. The subject of the research is a set of practical aspects of the development of the agrarian sector of Ukraine in conditions of globalization and aggravation of problems of food security, which requires further growth of agricultural production potential and integration of Ukrainian agro-industrial complex into the world food system. The methodological basis of the study were the main provisions of economic theory and practice of development of the agrarian sector of the economy. The following methods and techniques were used to achieve the goal set in the article: abstract-logical, monographic, analysis and synthesis; methods of comparison, generalization. The article assesses the export potential of the agricultural sector of Ukraine in recent years (for 2019-2020), analyzes the development indicators (for 2016-2020) and the challenges of agriculture. The results of the study show that Ukraine is one of the leading agricultural countries in the ranking of world exporters and in recent years continues to show high performance, which requires effective measures from the state to support the priority sector of agriculture. The practical value of the study lies in the proposals to stimulate the development of the agrarian sector of Ukraine. It is concluded that the position of the agrarian sector of the economy of Ukraine in the future and increase its export potential to address the issues of national and global food security depends on the level of long-term investment, growth of lending and real state financial support of agricultural producers.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"111 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90696713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FINANCIAL INCLUSION AS A FACTOR IN THE TRANSFORMATION OF FINANCIAL MARKETS IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT","authors":"Oleksii Petrivskyi, Hanna Medvid","doi":"10.30525/2661-5150/2022-1-21","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-21","url":null,"abstract":"The article discusses the concept of financial inclusion and its factors. The relationship between the level of financial awareness of the population and the level of its financial well-being was investigated. The priority directions of the strategy for the development of financial inclusion and financial intermediation, contributing to the achievement of sustainable development goals, are determined. Methodology. The percentage of non-cash transactions with payment cards in Ukraine was calculated, the dynamics of the number of holders of plastic cards was analyzed, and the financial literacy of Ukrainians was studied. Results. The results of the study showed that financial inclusion has a direct impact on economic development, as well as on the reduction of poverty and inequality and the achievement of the UN Sustainable Development Goals. Practical implications. Inclusive growth expands traditional models of economic growth by focusing on living standards and quality of life, environmental quality, social protection, financial literacy, access to financial services, and financial opportunities for citizens. Value/originality. The experience of developed countries in the context of financial literacy is compared and the directions of increasing the level of financial accessibility in Ukraine are proposed.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81909990","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"PECULIARITIES OF APPLICATION OF PUBLIC-PRIVATE PARTNERSHIP AS A MECHANISM FOR IMPLEMENTATION OF INNOVATION ACTIVITY","authors":"Bogdana Vyshnivska, O. Kireitseva","doi":"10.30525/2661-5150/2022-1-5","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-5","url":null,"abstract":"The purpose of the article is the theoretical justification and development of scientific and methodological provisions and practical recommendations for the development of public-private partnership in order to ensure the modernization of the economy on an innovative basis. The methodological basis is the general and special methods: historical method; method of scientific abstraction (in order to generalize the conceptual foundations of the study); methods of analysis and synthesis - in the study of the structure of the innovation system in public-private partnership; induction and deduction (to study approaches to the definition of innovation in public-private partnership); method of comparison (in order to justify the application of foreign experience of innovation in public-private partnership in our country); methods of grouping and systematization (in order to classify, identify factors of innovation development, factors of formation of the national innovation system); statistical methods (in order to analyze the dynamics of innovation in the economy of Ukraine, trends in the formation of innovation infrastructure). The results of the study showed that most accurately reproduces the meaning of the concept of public-private partnership, when public relations are actively involved in the relationship with the private sector, emphasizing the public focus. However, in countries with economies in transition, where institutions of civil society are underdeveloped, the term \"public-private partnership\" is most often used. Since the initiator of the vast majority of public-private partnership projects, the main actor is the state. The problems of formation and development of public-private partnership are currently paid considerable attention in foreign studies. The world practice has accumulated considerable experience in the implementation of public-private partnership in various areas and spheres of activity. In many countries, public-private partnerships have proven effective in modernizing the economy and have long been a domestic policy priority. The practical significance of the results is that the provisions, conclusions and recommendations have a practical orientation and can be used to improve the efficiency of regulation of innovation processes in terms of public-private partnership. Value/originality. The peculiarity of the proposed definition is that public-private partnership is an effective tool of state regulation only if conditions of competition between private sector entities for the right to participate in a particular PPP project are created.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"77 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86558310","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"IDENTIFICATION OF STRATEGIES FOR THE DEVELOPMENT OF CREATIVITY","authors":"Yuliia Syvash","doi":"10.30525/2661-5150/2022-1-25","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-25","url":null,"abstract":"There are many views on the concept of creativity, but so far it has not been possible to group all the variety of approaches to its definition on various aspects. The purpose of the article is to clarify the concept of «development of creativity» and identify strategies for the development of creativity on the example of machine-building enterprises. Methodology. The approach to the study and understanding of creativity (as a result, as a process, as an ability (property) of a person and a characteristic of the \"creative environment\") is considered as a 4P – model of creativity. The matrix is built on integral indicators, which are obtained by the method of multiplicative convolution. The proposed partial indicators were substantiated using the method of multivariate factor analysis, which allowed us to choose the most significant of them. For further analysis of integral indicators we used the improved Harrington scale and determined the level of company's creativity development according to its creative potential and dynamic abilities. Results. In the context of the study, creativity is a process, it is about its development in dynamics. Therefore, the development of creativity is a factor of innovation, which changes in dynamics and considers four components: personality, process, result and climate (or environment), which characterize qualitative change. Having obtained the value of the level of creativity development in the creative and dynamic areas, a strategy for increasing the development of creativity of the enterprise in accordance with the values of integral indicators, based on reasonable indicators, was designed and planned. Having received integral indicators of the level of creativity development in terms of creative and dynamic approaches in quantitative and qualitative dimensions, the determination of strategies for further development of creativity of industrial enterprises was carried out. The coordinates of the positioning of enterprises in the matrix of strategies are integral indicators, and the distribution of the matrix by quadrants is carried out in accordance with the improved Harrington scale. The positioning of the studied enterprises is presented in the form of a matrix. Practical implications. By constructing a matrix of strategies for the development of creativity of machine-building enterprises for 2020, it was concluded that all of the analyzed enterprises have high creative potential and mostly low dynamic capabilities (PJSC «Kharkiv Machine Tool Plant», PJSC «PIVDENKABEL PLANT», PJSC «Kharkiv Electrotechnical Plant «Transvyaz», JSC «Ukrainian Power Ma-chines», PJSC «Kharkiv Electric Equipment Plant», PJSC «Kharkiv Bearing Plant», SSE «Association of Communards» – they are characterized by the traditional strategy). For PJSC «Kharkiv Tractor Plant named after S. Ordzhonikidze» and PJSC «FED» appropriate strategy is offensive. Among the analyzed enterprises in 2020, only PJSC «Electromashina» corresponds to a sy","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90527542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FORMS OF MANIFESTATION AND METHODS OF REGULATION OF THE BANKING CRISIS IN UKRAINE","authors":"O. Ruda","doi":"10.30525/2661-5150/2022-1-23","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-23","url":null,"abstract":"The banking system is the core of the financial sector. It is crucial to examine that crises in banking systems are largely consequences of macroeconomic and political instability. Understanding the nature of banking crises allows developing adequate preventive measures and instruments for timely reaction of regulators and banks themselves to the crisis. With the intensification of globalization processes in the world, the number and scale of banking crises have increased significantly, including due to the presence of various external shocks, including the so-called \"contagion effect\", the essence of which is a chain reaction in global and national financial markets, when a shock in one of them leads to a shock in another. Along with the growth of the number of banking crises and their scale, the losses from them grow the economy. Thus, the problem of anticipation of banking crises and methods of their regulation is extremely relevant and represents an important scientific task. The aim of the paper is to identify and explain the causes of modern banking crises and methods of their regulation. The study was conducted using an interdisciplinary and integrated approach to a wide range of transformations and phenomena that have long dominated the public life of the country and encompass various types of economic activity and specific natural processes. The article reveals the concept of banking crisis, the classification of modern banking crises. Also, the analysis of the state of the banking system during the quarantine period and before it began, highlighting the main indicators of Ukrainian banks. Three main types of situations that contribute to the emergence of banking crises are identified. The causes and prerequisites of a large number of banking crises in the late twentieth and early twentieth century and the twenty-first century are described. The first-priority measures to neutralize threats to the security of the banking system as part of the implementation of the anti-crisis management scheme have been proposed. The instruments of anti-crisis policy of the National Bank are presented in their improved form for managing systemic banking crises and overcoming their consequences. At the end, the results of this article are summarized.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88343404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FINANCIAL INITIATIVES IN ENSURING THE INVESTMENT ACTIVITY OF AGRICULTURAL PRODUCERS IN THE CONDITIONS OF GLOBALIZATION CHALLENGES","authors":"N. Hryshchuk","doi":"10.30525/2661-5150/2022-1-8","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-8","url":null,"abstract":"The purpose of the study is to study and summarize the existing views of scientists and practitioners on the application of various financial instruments in the theory and practice of investment resources in the agricultural sector in the context of globalization challenges. Methodology. The methodological basis of the study were the provisions of state regulation of the economy, investment and the theory of agricultural relations. Theoretical and methodological basis of the study are general and special methods of scientific knowledge: generalization - identified benefits and caveats for the use of certain financial instruments in the agricultural sector, analogy, analysis and synthesis, induction and deduction (to clarify the conceptual apparatus, theoretical generalizations of research, conclusions and proposals); On the basis of systematic and comparative analyzes, innovative instruments for financing agricultural producers are grouped. Results. The practice of using various financial instruments in the system of formation of investment resources of the agricultural sector of Ukraine in the context of globalization challenges is assessed. Internal and external financial instruments are distinguished on the basis of the generalization of the prevailing financial practices of raising funds by economic entities in the agricultural sector. It was revealed and proved that the most widespread in recent years in the list of domestic financial instruments were: bank lending, which includes agricultural insurance, avalized promissory notes, lending for software products; forward purchases; agricultural receipts. Globalization challenges lead to the expansion (emergence of new) financial instruments to attract investment resources, in particular: factoring and mezzanine lending. Practical consequences. According to the results of the study, priority financial initiatives in increasing the investment activity of agricultural producers, which will ensure financial security, through a balanced and sound state policy of agricultural enterprises and the proposed financial instruments in the context of global challenges.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"102 2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77273410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"MODERN ECONOMY DIGITAL TRANSFORMATION MAIN TRENDS IN THE CONTEXT OF THE BSR","authors":"O. Martyniuk, L. Lingur","doi":"10.30525/2661-5150/2022-1-16","DOIUrl":"https://doi.org/10.30525/2661-5150/2022-1-16","url":null,"abstract":"The article considers the main stages of development of social business standards and the evolutionary path that led to the formation of the concept of \"digital space of socially sustainable business development.\" Based on the study of trends inherent in modern society, it is determined what characteristics a company's business model should have in order to gain the key benefits of specificity in the market. Defined as requirements define information technology IT technology. Research by consulting firm Cartner and business trends altered by quarantine conditions related to the Covid-19 pandemic shows that global trends in the business environment are increasingly leaning toward digitalization and the creation of new digital business models. That is why it is proposed to define a new paradigm for the development of corporate social responsibility in the context of digitalization. However, on the basis of the new paradigm, key elements have been identified that will allow the formation of new CIS CSR standards. It is also proposed to consider an integrated approach that combines the concepts of sustainable development, social responsibility and digitalization in a single format \"digital space for enterprise sustainability.\" To support this format, an integrated corporate information system is proposed, which includes three blocks: a digital business infrastructure, an information and communication system and a system for managing digital business processes at the enterprise. This will determine the algorithm for upgrading the existing system or implementing a new IS, the key idea of which will be the concept of sustainable development of the enterprise with elements of corporate social responsibility.","PeriodicalId":34091,"journal":{"name":"Three Seas Economic Journal","volume":"79 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80142391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}