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Digital Economy And Society A Cross Country Comparison Of Hungary And Ukraine

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Document pages: 6 pages

Abstract: We live in the Digital Age in which both economy and society have beentransforming significantly. The Internet and the connected digital devices areinseparable parts of our daily life and the engine of the economic growth. Inthis paper, first I analyzed the status of digital economy and society inHungary, then compared it with Ukraine and made conclusions regarding thefuture development tendencies. Using secondary data provided by the EuropeanCommission I investigated the five components of the Digital Economy andSociety Index of Hungary. I performed cross country analysis to find out thesignificant differences between Ukraine and Hungary in terms of access to theInternet and device use including smartphones, computers and tablets. Based onmy findings, I concluded that Hungary is more developed in terms of thesignificant parameters of the digital economy and society than Ukraine, buteven Hungary is an emerging digital nation. Considering the high growth rate ofInternet, tablet and smartphone penetration in both countries, I expect fasterprogress in the development of the digital economy and society in Hungary andUkraine.

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