Authors: M.A. Gasanov, G.F. Kayachev, E.A. Gasanov

Title of the article: The network externalities of social well-being

Year: 2018, Issue: 1, Pages: 59-67

Branch of knowledge: Economics and innovation management

Index UDK: 338.012

DOI: 10.26730/2587-5574-2018-1-59-67

Abstract: The information technology revolution provides a radical impact on the economic transformation and on the continuous well-being of all social groups. Accordingly this continuous well-being is the trend of innovative macroeconomic development. This innovative macroeconomic development is considered as the sum of features, new techniques, methods and instruments that contribute to the unity of the social and innovative trends in the national economy. In this framework the following new structures and interrelations are being formed: 1) the development of innovation and social well-being technologies; 2) the growth of the service sector, the introduction of flexible forms of work organization in high-tech production, as well as the formation of new social lifts; 3) increasing fragmentation of cultural and political pluralism, and formation of global identities, cultural values, etc.; 4) the tendency to continuous transformation of the society, so that the ideas, culture, all industries are in permanent convergence.

Key words: economy neo-industrialization well-being convergence network economy

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