Digital economy in our life

Digital economy refers to an economy that is based on digital computing technologies, although we increasingly perceive this as conducting business through markets based on the internet and the World Wide Web. The digital economy is also referred to as the Internet Economy, New Economy, or Web Economy.

The digital economy is the worldwide network of economic activities, commercial transactions and professional interactions that are enabled by information and communications technologies.

It can be succinctly summed up as the economy based on digital technologies.

 Although some organizations and individuals use technologies to simply execute existing tasks on the computer, the digital economy is more advanced than that.  It is not simply using a computer to perform tasks traditionally done manually or on analog devices.

Instead, the digital economy highlights the opportunity and the need for organizations and individuals to use technologies to execute those tasks better, faster and often differently than before.

The President of Turkmenistan signed the Resolution, having proved the Concept of Development of Digital economy in Turkmenistan in 2019-2025. The document reflects current condition of national system of information and communication technologies, goals and objectives of the concept, ways and methods of its implementation and expected outcomes. The world economy is transforming fast as a result of the rapid spread of new digital technologies, with major implications for Agenda 2030 on Sustainable Development. Greater levels of digitalization of both economies and societies are creating new means for tackling global development challenges.


Eziz Eminov,

student of Faculty of International Journalism
of The Institute of International Relations of 
the Ministry of Foreign Affairs of Turkmenistan.


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