Analysis of the Impact of Digitalization on the Development of Foreign Economic Activity During COVID-19 Pandemic

Abstract

The article describes the impact of the COVID-19 pandemic on the digitalization and foreign economic activity of states. The authors analysed a macroeconomic situation and highlighted its impact on the export climate of countries. They describe the institutional transformations caused by the opportunities and limitations of regulating the digital economy of foreign trade in the context of international economic integration. The article highlights the features of the oil market significantly affecting the formation of the economic policy of the state and the competitiveness of the state in the international market. It describes the role of economic statistics in managing the global economy. Researchers identified trends in institutional changes in the Russian economy under the influence of digitalization during the COVID-19 pandemic. They defined the role of international expansion in the process of digitalization of the economy, markets and global industries. The paper describes the trends in the institutional environment in digital business and international globalization. It identifies the main areas of influence of digitalization on the development of foreign economic activity.