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

TL;DR

This paper compares the digital economy and society between Hungary and Ukraine, analyzing their current status and future development potential using secondary data, highlighting Hungary's more advanced position and the rapid growth in both countries.

Contribution

It provides a cross-country analysis of digital development in Hungary and Ukraine, highlighting differences and future growth prospects based on secondary data from the European Commission.

Findings

Hungary is more developed digitally than Ukraine.

Both countries show rapid growth in Internet and device penetration.

Hungary and Ukraine are expected to experience faster digital development.

Abstract

We live in the Digital Age in which both economy and society have been transforming significantly. The Internet and the connected digital devices are inseparable parts of our daily life and the engine of the economic growth. In this paper, first I analyzed the status of digital economy and society in Hungary, then compared it with Ukraine and made conclusions regarding the future development tendencies. Using secondary data provided by the European Commission I investigated the five components of the Digital Economy and Society Index of Hungary. I performed cross country analysis to find out the significant differences between Ukraine and Hungary in terms of access to the Internet and device use including smartphones, computers and tablets. Based on my findings, I concluded that Hungary is more developed in terms of the significant parameters of the digital economy and society than Ukraine, but even Hungary is an emerging digital nation. Considering the high growth rate of Internet, tablet and smartphone penetration in both countries, I expect faster progress in the development of the digital economy and society in Hungary and Ukraine.