<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>One of the most acute challenges to which EU member countries urgently need to find solutions is related to digital resilience. Such a challenge must be addressed from both a temporal, spatial, and financial perspective. One of the areas where both problems and solutions to them must be placed is that of structural and investment funds. At the EU level, the new development model is feverishly sought, which must be green, digital, and resilient. The authors of this study explore how European Union funding programs and specifically the Recovery and Resilience Facility, influence the advancement of digital transition. It explores and quantifies the value added of using these programs to obtain more sustainable growth, societal inclusion, and global competitiveness through digital transformation. One of the most relevant hypothesis is that despite a growing interest in the impact of EU financial instruments on digitalisation, to different societal levels, lacks a comprehensive analysis that combines both the broad scope of EU initiatives and the specific impact of the RRF. Using qualitative methods, the authors investigated the main pitfalls and asymmetries of the allocative methods, the allocation, and impact of EU funding on digital transformation. The main focus of this paper is to answer the research questions regarding the connection between budget allocation for digital transformation and the position of digital transformation in EU priorities, while highlighting the changes that Recovery and Resilience Facility is bringing compared to other financial instruments for promoting digitalization in EU. Following this research route, we find indication that the budget allocations EU makes for digitalization, specifically through the Recovery and Resilience Facility demonstrate that digital transition is one of EU strategic priorities. The amounts and percentages made available through the Recovery and Resilience Facility which target to support in particular digital initiatives underline its key role in EU digital strategy. The clear comparison of EU financing programs that focus on digitalization, while providing a comprehensive literature review that gives a refined understanding of digitalization’s impact will enable professionals and policy makers to analyze EU strategic objectives and identify key focus areas that require additional support, thus contributing to EU digitalization efforts.</p>
</abstract>

One of the most acute challenges to which EU member countries urgently need to find solutions is related to digital resilience. Such a challenge must be addressed from both a temporal, spatial, and financial perspective. One of the areas where both problems and solutions to them must be placed is that of structural and investment funds. At the EU level, the new development model is feverishly sought, which must be green, digital, and resilient. The authors of this study explore how European Union funding programs and specifically the Recovery and Resilience Facility, influence the advancement of digital transition. It explores and quantifies the value added of using these programs to obtain more sustainable growth, societal inclusion, and global competitiveness through digital transformation. One of the most relevant hypothesis is that despite a growing interest in the impact of EU financial instruments on digitalisation, to different societal levels, lacks a comprehensive analysis that combines both the broad scope of EU initiatives and the specific impact of the RRF. Using qualitative methods, the authors investigated the main pitfalls and asymmetries of the allocative methods, the allocation, and impact of EU funding on digital transformation. The main focus of this paper is to answer the research questions regarding the connection between budget allocation for digital transformation and the position of digital transformation in EU priorities, while highlighting the changes that Recovery and Resilience Facility is bringing compared to other financial instruments for promoting digitalization in EU. Following this research route, we find indication that the budget allocations EU makes for digitalization, specifically through the Recovery and Resilience Facility demonstrate that digital transition is one of EU strategic priorities. The amounts and percentages made available through the Recovery and Resilience Facility which target to support in particular digital initiatives underline its key role in EU digital strategy. The clear comparison of EU financing programs that focus on digitalization, while providing a comprehensive literature review that gives a refined understanding of digitalization’s impact will enable professionals and policy makers to analyze EU strategic objectives and identify key focus areas that require additional support, thus contributing to EU digitalization efforts.

An Analysis of the Digital Resilience Challenge for Implementing EU Programs and Instruments

The Bucharest University of Economic Studies

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

One of the most acute challenges to which EU member countries urgently need to find solutions is related to digital resilience. Such a challenge must be...

An Analysis of the Digital Resilience Challenge for Implementing EU Programs and Instruments

Pubblicato online: 03 lug 2024

Pagine: 321 - 334

DOI: https://doi.org/10.2478/picbe-2024-0028

Parole chiave
green, digital and resilient development, challenges, economic, social and territorial cohesion, structural and investments funds, digital transition, Recovery and Resilience Facility, NextGenerationEU

© 2024 Dumitru Miron et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

An Analysis of the Digital Resilience Challenge for Implementing EU Programs and Instruments

Pubblicato online: 03 lug 2024

Pagine: 321 - 334

DOI: https://doi.org/10.2478/picbe-2024-0028

Parole chiavegreen, digital and resilient development, challenges, economic, social and territorial cohesion, structural and investments funds, digital transition, Recovery and Resilience Facility, NextGenerationEU

© 2024 Dumitru Miron et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Parole chiave
green, digital and resilient development, challenges, economic, social and territorial cohesion, structural and investments funds, digital transition, Recovery and Resilience Facility, NextGenerationEU