Semyachkov, K. A. (2020). Prospects and Contradictions of the Smart City Model. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 17 (2), 491-496
The article discusses the impact of innovative digital technologies on changes in the urban environment. The widespread use of digital technology contributes to the development of new tools, models and methods of urban management. One of the promising directions for the development of the urban environment in these conditions is the concept of a smart city. The research covers the modern concept of smart city development in different manifestations of the economic activities. The analyzed data are scientific studies reflected in the periodical press, as well as author’s results as part of the study of the formation processes of smart cities. The paper notes some features of this approach to the development of cities, identifies some directions of the urban environment’s development. The digitalization of the cities can give a significant social, economic and environmental effect and improve the quality of life of citizens. Based on the analysis of studies on smart cities and the use of tools of the swot-analysis, strengths and weaknesses are identified, as well as opportunities and threats when using the smart city model. The considered strengths and weaknesses, opportunities and threats of the smart city model are manifested as a result of the implementation of projects to digitalize the urban environment. The study and use of the results will significantly increase the sustainability of the development of urban systems in the context of the formation of a digital society.