Iryna Kalenyuk

  Liudmyla Tsymbal

  Iryna Uninets


Consistent and pervasive intellectualization and greening of the economy is manifested in the formation of Smart Economy, which is seen as a modern form of global ecosystem development. An important role in it is given to the latest technologies – information and communication technologies, which are becoming an important tool for “smart” management of processes and relationships between elements and actors at different levels in the global ecosystem. The research methodology is based on the systematization of theoretical approaches to understanding the concept of “Smart Economy”, based on which the author's position on defining the essence, structure and key drivers of Smart Economy development is formulated. The aim of the article is to identify the main intellectual factors in the formation of the Smart Economy within the global ecosystem. Smart Economy is defined in a narrow (means of organizing economic relations and relationships within a certain locality) and broad sense, a system of economic relations based on the use of modern smart technologies, implementation of the principles of sustainability and social responsibility and subject to the creation of comfortable and safe conditions of life of citizens). The key processes of the formation of Smart Economy are: intellectualization, digitalization, greening, socialization, institutionalization and urbanization. The content of key intellectual drivers of Smart Economy and modern trends of their development are revealed: expansion of human role as a subject of social, cultural, ecological and moral values, subject of values of sustainable development, subject of social relations (property, management); increasing the importance and implementation in all spheres of social activity of important global and strategically important values of environmental protection, providing a comfortable environment (economic, social, political, business environment, etc.); results of intellectual activity (newest technologies, products) become an important factor of development and a tool for ensuring relationships and interactions between all components of the ecosystem; transformation of the management process: involvement of a wider range of actors, development of new mechanisms for the involvement of all actors and stakeholders in the decision-making process.

How to Cite

Kalenyuk, I., Tsymbal, L., & Uninets, I. (2021). INTELLIGENT DRIVERS OF SMART ECONOMY IN THE GLOBAL ECOSYSTEM. Baltic Journal of Economic Studies, 7(2), 91-100.
Article views: 229 | PDF Downloads: 193



Smart Economy, intellectualization, greening, sustainable development, green development, smart development


Ahvenniemi, H., Huovila, A., Pinto-Seppä, I., & Airaksinen, M. (2018), “What are the differences between sustainable and smart cities?”, Cities, Vol. 60, pp. 234–245.

Angelidou, M. (April 2016). Four European Smart City Strategies. International Journal of Social Science Studies, vol. 4, no. 4. Available at:

Ardashkin, I. B. (2018). Smart-technologii kak fenomen: konceptualizacia podhodov i philosofskii analis. Javljajutsa li smart-technologii dejstvitelno umnimi? Vestnik Tomskogo universiteta. Philosofia. Sociologia. Politologia, vol. 43, pp. 55–68. Available at:

Audretsch, D. B., Belitski M., & Cherkas, N. (2021). Entrepreneurial ecosystems in cities: The role of institutions. PLoS ONE 16(3): e0247609. doi:

Bell, D. (1973). The coming of post-industrial society: A venture of social forecasting. N.Y.: Basic Books. ISBN 0-465-01281-7.

Bowen, A. (2011). The Green Growth Narrative: Paradigm Shift or Just Spin? Global Environmental Change 21(4). Available at: (дата звернення 15.09.2020)

Bruneckiene, J. (2014), “The concept of smart economy under the context of creation the economic value in the city”, Public Policy and Administration, Vol. 13 No. 3, pp. 469–482.

Caragliu, A., Del Bo, C. & Nijkamp, P. (2011), “Smart cities in Europe”, Journal of Urban Technology, vol. 18, no. 2, pp. 65–82.

Chukhno, A. (2005). New economic policy (theoretical and methodological principles). Ukraine economy, vol. 7, pp. 15–22. (in Ukrainian)

Dagiliene, L; Bruneckiene, J.; Jucevicius, R.; & Lukauskas, M. (January 2020). Exploring smart economic development and competitiveness in Central and Eastern European countries / Competitiveness Review: An International Business Journal incorporating Journal of Global Competitiveness. doi:

Future possibilities. Report 2020. Government of United States Emirates. UN. 2020. Available at:

Galperina, L. P., Girenko, A. T., & Mazurenko, V. P. (2016). The Concept of Smart Economy as the Basis for Sustainable Development of Ukraine. International Journal of Economics and Financial Issues, vol. 6(S8), pp. 307–314.

Hatt, B., & Otto, S. (2011). A Demanding Reality: Print-Media Advertising and Selling Smartness in a Knowledge Economy, Educational Studies, vol. 47, pp. 507–526. doi:

Held, D., McGrew, A., Goldblatt, D. & Perraton, J. (1999) Global transformations. Oxford. Polity Press.

Heylin, M. (2006). Globalization of science rolls on. In Science & Technology, vol. 84(48), pp. 26–31.

Greengrowth (2011). Available at:

Sustainable land use (greening). Available at:

Redefining the Smart city concept: a new Smart city definition. URL:

Rise of the smartivist. Available at: What is an “Inclusive Green Economy”? Available at: f-smart-citizens-in-smart-cities

The future we want. Available at: https://

Green Growth and Developing Countries. URL:

What is an "Inclusive Green Economy"? Available at:

Indrawati; Azkalhaq, N., & Amani, H. (September 2018). Indicators to Measure Smart Economy: An Indonesian Perspective. doi:

Inozemtsev, V. L. (1998). Outside the economic society. Moscow: “Academia” – “Science”, 342 p. (in Russian)

International Telecommunication Union (ITU). ICTs for a Sustainable World. Available at:

Internet of Things, IoT. Available at:

ITU-D Digital Innovation Ecosystems. International Telecommunication Union. Available at:

Jänicke, M. (2012). Green growth: From a growing eco-industry to economic sustainability. Energy Policy. P. 13–21. Available at:

Kellner, D. (2002). Theorizing globalization. In Sociological Theory, vol. 20(3), pp. 285–305.

Kumar, M. V., & Bharat, Daliya (2017). Smart Economy in Smart Cities. Smart Cities, Local Community and Socio-economic Development: The Case of Bologna, 12 p.

Lukianenko, D. G. (2008). Global governance strategies. International economic policy, vol. 8–9. (in Ukrainian)

Machlup, F. (1966). Production and dissemination of knowledge in the United States. Moscow: Progress, 462 p. (in Russian)

Maksimova, V. F. (2011). Smart (intellectual) economy: goals, objectives and prospects. Open education, vol. 3, pp. 63–71. Available at: (in Ukrainian)

Mazurenko, V. P. (2014). Implementation of network paradigm as a guarantee a highly competitive country. Actual problems of international relations, vol. 119, pp. 60–73.

Moore, J. F. (1997). The Death of Competition: Leadership and Strategy in the Age of Business Ecosystems. NY: Harper Business, pp. 6–7.

Nelson, R., & Winter, S. G. (1982). An Evolutionary Theory of Economic Change. Cambridge, Mass.: Harvard University Press.

Novotny, R., Kuchta, R., & Kadlec, J. (2014). Smart City Concept, Applications and Services. Journal of Telecommunications System & Management, vol. 3, issue 2. doi:

Parinov, S. I. (2002). On the theory of networked economics. Novosibirsk, IEOPP SO RAN.

Peters, T. (2010). In search of perfection. Lessons from America's Most Successful Companies. Moscow: Publishing house Alpina, 528 p. (in Russian)

Sinkiene, J.; Grumadaite, K.; & Liugailaite-Radzvickiene, L. Diversity of theoretical approaches to the concept of smart city. 8th International Scientific Conference “Business and Management 2014” May 15–16, 2014, Vilnius, Lithuania Section: Smart Development. Available at:

Stern N. Stern Review: The Economics of Climate Change. London: Grantham Research Institute on Climate Change and the Environment 2006. 700 с. Available at:

UN Environment Programme. Green Economy. Available at:

Ustyuzhanina, E., Evsukov, S., & Komarova, I. (2018). Network Economy as a New Economic System. European Research Studies Journal. Volume XXI, Issue 3, pp. 77–89.

Wessner, С. W. (2004). Entrepreneurship and the Innovation Ecosystem. Policy Lessons from the United States. The Papers on Entrepreneurship, Growth and Public Policy. Germany, p. 2. Available at:

Working towards a Balanced and Inclusive Green Economy. A United Nations System-wide Perspective. Available at:

Yegorova, М. S. (2013). Practica stimulirovanija perehoda k “zelenoj ekonomike”: mezdunarodnij opit. Koncept, vol. 3, pp. 1651–1655. Available at: