FEATURES OF DEVELOPMENT OF THE OF THE IT/IC SECTOR IN EASTERN EUROPE

Keywords: ICT sector, IT sector, CEE, ITC exports, ICT added value, IT specialists, IT, number of employees in ICT, factors of influence

Abstract

The article comprehensively analyzes the information and telecommunications sector, focusing mainly on Eastern European countries. Examining various indicators, such as ICT value-added, labor force dynamics, educational components, and ICT exports, sheds light on this sector's status and trends. A detailed comparison of Eastern European countries and specific nations within the region serves as the basis for the analysis. The study delves into the ICT value-added indicator, elucidating how different countries fare regarding their contributions to the sector. Specifically, it offers insights into Azerbaijan, Georgia, and Moldova, providing a nuanced understanding of their respective positions. Over seven years, the article observes positive dynamics in the labor force indicator within the information and telecommunications sector. It highlights the growth and changes in this aspect, indicating a promising trajectory for the industry. Furthermore, the educational component is thoroughly explored, focusing on the number of students and graduates in ICT specialties across the region. To gauge the effectiveness of the ICT sector within each country, the analysis considers the ICT export indicator. By studying this metric, readers gain valuable insights into these nations' international presence and competitiveness in the ICT market. Additionally, a deeper examination of the technology segment of the sector offers a more nuanced understanding of its functioning. One notable observation is the reorientation of the export indicator between technological and telecommunications directions within the ITC sector. This shift underscores evolving trends and priorities within the industry, reflecting changes in global demand and technological advancements. The article highlights varying degrees of development and dynamics among Eastern European countries. While Georgia and Moldova exhibit more similar trajectories in their ICT indicators, Azerbaijan faces certain challenges, with stagnant estimates of ICT development in comparison. These differences allow for further exploration of the factors underlying these differences in the following studies.

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Arendt, Ł. (2015). The Digital Economy, ICT and Economic Growth in the CEE Countries. Olsztyn Economic Journal, 10 (3). 247–262. DOI: https://doi.org/10.31648/oej.3150

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Published
2023-12-26
How to Cite
Lomachynska, I., Chaikovska, M., & AlekseievskаH. (2023). FEATURES OF DEVELOPMENT OF THE OF THE IT/IC SECTOR IN EASTERN EUROPE. Economy and Society, (58). https://doi.org/10.32782/2524-0072/2023-58-101
Section
ECONOMICS