Institutionalization of Digital Trade in the Russian Federation: Countdown

TL;DR

This paper examines the development of digital trade in Russia, highlighting institutional challenges and the need for stronger state support to enhance competitiveness and economic efficiency.

Contribution

It analyzes the institutional factors contributing to Russia's lag in digital trade development and emphasizes the importance of government involvement.

Findings

Russia's economy shows a lag in supporting online shopping

Insufficient state attention hampers digital market innovation

Institutional gaps reduce digital trade competitiveness

Abstract

The institutionalization of digital trade is one of the most important directions in the formation of the information society in the Russian Federation. The studies reflect the emerging lag in the Russian economy readiness index to support online shopping. The author analyzes the reasons for the lag in the context of the institutional features of the development of digital trade. As the main obstacle that reduces the economic efficiency and competitiveness of digital trade, insufficient attention of the state to the formation of innovative institutions of the digital market is highlighted.