Regional economic development in the context of digital globalization

In this paper, the authors consider the actual problem of the role of information technology in regional development through the prism of the theory of institutional economics. At the same time, the problem of digital globalization as one of the main features of the modern stage of society development is highlighted. The impact of the institutional environment, including formal and informal institutions, on economic growth and socio-economic processes in Russian regions is analyzed. Special attention is paid to current strategies and national projects in the field of informatization of society. The article examines how public administration in Russia can contribute to the formation of a favorable institutional climate for attracting capital, increasing competitiveness and ensuring sustainable development of regions. This study may be of interest both for technology companies developing strategies to promote their innovative solutions and for government agencies that face the problem of weak innovation linkages and development of regional markets.