Comprehensive Modernization and Innovative Development of the SMART Economy of the Future
DOI:
https://doi.org/10.57125/FEL.2023.03.25.04Keywords:
Digital infrastructure, Economic Growth, Governance, SMART economy, sustainability, Thematic analysisAbstract
The SMART economy, which uses digital technologies in economic policies, is very important for the future growth of the economy. This research looks at what makes SMART economies work, focusing on digital infrastructure, governance, and long-term viability. By exploring more than 70 peer-reviewed articles published between 2018 and 2023 and grouping their findings into main themes, the study uses comparative analysis to check the effectiveness of different national strategies. Based on the results, countries with more advanced digital infrastructure, like Switzerland (Digital Infrastructure Index: 90) and Germany (Digital Infrastructure Index: 88), have stronger economies that grow and last (GDP Growth Rate: 1.8% for Switzerland and 1.5% for Germany; Sustainability Index: 90 for Switzerland and 85 for Germany). Other countries can learn a lot from model of these countries, which is based on strong digital infrastructure and a strong focus on sustainability. The study shows that integrated strategies using digital technologies are needed for long-term growth. It gives policymakers and academics useful information. Long-term effects of SMART economy initiatives on social justice and environmental sustainability should be studied in the future. Comparative studies across different regions will help researchers get a better understanding.
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