This paper is devoted to economic relations transformation under the influence of digital transformation, the recent socio-economic trends and the overall crisis of the free market system. Recently researchers have shown an increased interest in changes of commodity-money relations, expansion of pseudo-market relations, de-commercialization and, vice versa, hyper-commercialization, that spreads out to cover new markets globally. By authors opinion economic relations are in the process of transformation that ultimately will lead to sufficient decrease of for-profit organizations and period of non–profit organizations flourishing. Digital transformation even now creates major challenges for current commodity-money relations. Excessive abundance of available information distort the market functioning and create obstacles for the productive forces development. Pseudo-market relations have become increasingly common especially in the spheres of culture, art and sport. Under these circumstances during the forthcoming long period of digital transformation the increasing importance has to be given to the moral aspects of economic relations, and these problems could not be any more ignored by governments.
Original languageEnglish
Title of host publicationNew Knowledge in Information Systems and Technologies
Subtitle of host publicationConference proceedings WorldCIST'19 2019
EditorsLuís Paulo Reis, Hojjat Adeli, Álvaro Rocha, Sandra Costanzo
PublisherSpringer Nature
Pages415-421
Volume3
ISBN (Print)9783030161866
DOIs
StatePublished - 2019
EventWorld Conference on Information Systems and Technologies, WorldCIST 2019 - Galicia, Spain
Duration: 16 Apr 201919 Apr 2019

Publication series

NameAdvances in Intelligent Systems and Computing
Volume932
ISSN (Print)2194-5357
ISSN (Electronic)2194-5365

Conference

ConferenceWorld Conference on Information Systems and Technologies, WorldCIST 2019
Country/TerritorySpain
CityGalicia
Period16/04/1919/04/19

    Scopus subject areas

  • Control and Systems Engineering
  • Computer Science(all)

    Research areas

  • Commodity-money relations, De-commercialization, Digital transformation, Sociocultural factors

ID: 42930588