The concept and essence of digital tools in the development of the business environment

Abstract

The article delves into the significance of digitalisation in economic processes and its impact on the investment attractiveness of nations. The availability of foreign direct investment is contingent upon various factors within the business environment, with digitalisation emerging as a critical element in recent decades.

In tandem with the global digital transformation, the business landscape has undergone a fundamental shift in its strategic trajectories. Economists argue that the increasing cross-border flow of capital presents unprecedented opportunities for emerging economies to accelerate their economic growth. According to conventional economic theory, capital inflows enhance investment opportunities for developing nations. International financial institutions consistently advocate for these countries to implement policies that foster capital inflow. Consequently, the primary objective for developing economies is to establish incentives that stimulate investment, thereby fostering their economic development. In this context, the key consideration for host nations is their capacity to attract investment. The case of China in this regard is a remarkable example for the global community, albeit China's specific approach cannot be directly applied in other jurisdictions. This case has become a model and a "textbook" for many developing nations. Kazakhstan, among others, can draw valuable insights from China's experience and endeavor to incorporate some of its core strategies.