The Influence of the G20’s Digitalization Leadership on Development Conditions and Governance of the Digital Economy

Given the increasing importance of digital economy, competition for technologies and solutions, as well contest to influence norms, standards, regulatory mechanisms, is escalating. This distributed unevenly—digitalization leaders, primarily key Group 20 (G20) members, gain significant advantages, their potential shaping regulation through consistent inclusion domestic standards norms in documents multilateral institutions, including G20, Organisation Economic Co-operation Development (OECD), World Trade Organization (WTO), United Nations (UN) At same time, Russia’s impact on most important aspects economy at global regional level currently limited. The article presents an assessment wielded by leading G20 members (the U.S., Canada, UK, European Union (EU), Japan, Korea, China India) economy’s development regulation. serves basis recommendations approaches specific (digital infrastructure development, cybersecurity, regulating platforms, stablecoins central bank currencies (CBDCs), data governance, artificial intelligence (AI) policies) national level, its engagement other institutions. analysis indicates that countries affect mainly determining conditions activities markets participating new rules. In areas there are growing contradictions between Japan partly EU Korea one hand, Russia, India other. Recommendations these related strengthening coordination within BRICS group Brazil, India, South Africa develop common positions collectively promote them main include using experience digitalization leaders minimize risks posed competitors strengthen Russian economy.