Page 90 - ITUJournal Future and evolving technologies Volume 2 (2021), Issue 1

ITU Journal on Future and Evolving Technologies, Volume 2 (2021), Issue 1

two possible bands for 5G introduction – 3.4-3.8 these essential resources is the spectrum, playing a
GHz and 4.8-4.99 GHz. A study of propagation model role as an integral element of the digital economy
[18] and required base station density [19] in two ecosystem. In terms of economic value, the
bands shows that cost ratio ak for the second spectrum could be ranked alongside national
frequency band will be almost twice as much, reserves of energy and raw materials. Multisided
making low band utilisation more efficient under all limits of spectrum use require international and
other equal conditions (penetration rate, spectrum national actions to avoid them to be transgressed.
availability, economies of scale, border The digital economy urgently requires a digital
coordination, etc.). spectrum management system to accommodate
new radio technologies and to facilitate economic
5. CONCLUSIONS
growth.
Transition to a sustainable model of development The input-output model can be considered as the
through the digital economy is the guiding force proper mechanism for appropriate assessment and
driving the current stage of human technological optimization of the use of resources at the
progress. This is of immense importance, not so macroeconomic level, providing a complex
much for generating economic profit, as for evaluation of the consequences of all possible
identifying ways of ensuring humanity’s continued scenarios and to assist decision makers in selection
survival. Humanity on board “Noah's Ark” of those which best serve their strategic goals. Our
consumes resources in an uncontrolled way “Noah's Ark” needs not only the wind of A. Smith
through constantly increasing consumption that and R. Coase market forces to fill its sails, but a
“bores holes in the hull”, and thus unthinkingly steering wheel of W. Leontief and L. Kantorovich is
destroys its critical life-support systems. We should required also, heating and bearing to true at all
hope that artificial intelligence will help us to times in order to avoid reefs and shoals and to
understand that our current irrational devouring of overcome storms. As the current situation shows,
resources has no future, and that even our the market economy in some cases cannot resolve
immediate descendants would encounter problems of negative externality and protect public
catastrophic problems bequeathed to them by their interest. Resource management policy should
grandparents.
consider social costs and internalization of negative
Successful worldwide implementation of a digital externalities to ensure optimal social welfare,
economy initiatives must be based on the including environmental quality and protection of
optimization of all available resources use with future generation interests.
respect of available resources boundaries. One of

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