Max Polyakov Explains How Informational Infrastructure Impacts the Ukrainian Knowledge Economy

Max Polyakov raises the question of informational infrastructure and its role in crafting a profitable knowledge economy model in Ukraine. As stated by Max Polyakov, the Ukrainian economy got stuck in a transitional phase. Read on to learn the author’s thoughts on its revival and future prospects.

 Because the economy of Ukraine is volatile, it can be generally characterized as ‘emerging.’ The concept of the knowledge economy is bound to help Ukraine cope with economic instability and grow into a prosperous country. But the question is how to put the acquired knowledge to good use for it to jumpstart economic activity? According to Max Polyakov, Ph.D. in International Economics, the informational infrastructure is a prerequisite for cultivating the Ukrainian knowledge economy (aka, KE).

In light of the world’s transition to a post-industrial society and a knowledge economy, economic relations are being ubiquitously digitized and that impacts informational infrastructure on a national scale. As reported by Variant Market Research, the IT services market is estimated to hit the revenue mark of $1.752B and grow at a rate of 5.4% by the year 2024. Given the niche’s profitability, it’s definitely worth exploiting it, especially for the sake of economic growth. Max Polyakov shares the ideas of G. Becker, K. J. Arrow, and other outstanding scholars who claim the economy cannot develop properly in isolation of the knowledge factor. Backed by the views of I. Khanin, the author suggests several ways to improve the KE informational infrastructure. Max Polyakov also shared the new capabilities of the EOS platform.

The founder of Association Noosphere, Max Polyakov, believes that Ukraine is able to invest in the global development of the knowledge economy. However, there’s a certain problem range that obstructs the Ukrainian market from embarking on a path of prosperity. First of all, is the underdeveloped informational infrastructure. Second, the country has still failed to overcome the sci-tech potential degradation. Finally, throw their difficult economic situation into the mix. Could it get worse? The only reasonable way out is to create a brand-new informational environment, which will allow the free circulation of knowledge break ground for international cooperation.

Another milestone on Ukraine’s path is the formation of the National Innovation Network (NIN). As explained by Max Polyakov, this unit facilitates the process of knowledge accumulation and its further conversion into innovation. Now, that’s where things get interesting. The NIN’s objective first and foremost is to merge science and business into one. The continuous supply of this sector with the newly-hatched knowledge will inevitably bring it to success! And, we all know what this means for the Ukrainian economy – “P” is for “Prosperity.”

What’s next? 

Well, it’s crucial to push the process forward. As usual, a lot depends on the government, whose backing will enhance the competitive edge of the services, businesses, and the sector in general. Max Polyakov goes on by saying that the informational infrastructure of Ukraine should be integrated with international ones. Once reached, the country will have unrestricted access to the global knowledge base and the ability to increase the export of its IT services worldwide.