reindustrialization

Modeling the impact of industrial development factors on the reindustrialization of the US economy

Introduction. In the context of deglobalization and regionalization of the world economy, the leading country of modern neo-capitalism, the United States of America, is modernizing the national industrial system, using internal and external factors of innovation and technological development. The subject of the study is the assessment of the impact of industrial production development factors observed in the United States in the 2010s on the reindustrialization of the country’s economy (in comparison with the previous decade). The empirical confi rmation of the phenomenon of reindustrialization as a strategic basis for the development of the American economy seems to be topical. Theoretical analysis. Based on the cyclic, wave nature of the economic development of the world-system, the “center” of which is the United States, the author identifi es two conceptual provisions that conditionally express external and internal contradictions, the solution of which objectively pushes the United States towards reindustrialization. Accordingly, the fi rst one is connected with the growing competition in the world market from the countries that “ride” the new technological wave, and the second one is connected with the solution of the problems of national technological security through the NBIC convergence of industrial production. Empirical analysis. Identifi cation and substantiation of the infl uence of factors in the development of American industry on the reindustrialization of the US economy is possible through economic and mathematical modeling, the basis of which is the method of principal components. The modeling includes a comparison of linear combinations of the initial factors of the development of American industry over certain periods of time, conditionally divided into two cyclical waves, which qualitatively characterize the multidirectional dynamics of the US industrial mesoeconomic system in the 2000s and 2010s. Results. The diff erence in the degree of infl uence of each of the selected factors, estimated by specifi c indicators of the US industrial development and modeled within a certain cyclical wave, is revealed. At the same time, the total infl uence of the considered factors of the development of American industry on the reindustrialization of the US economy can be considered generally unidirectional. This testifi es, fi rst of all, to the phenomenal nature of reindustrialization “Americanstyle” as a natural objective consequence of the cyclic-wave nature of the process of capitalist reproduction, which at the beginning of the 21st century is at the forefront of a change in technological patterns. In addition, the objective process of re-industrial modernization, confi rmed by the empirical data of the simulation, includes a subjective component in the form of increased state infl uence on the technologization of the industrial sector of the economy through the use of funds from the fi nancial and speculative sphere and protectionist measures in foreign trade.

Pandemic of Coronavirus as a Factor of Intensification of Development and Implementation of Digital Technologies

Introduction. The COVID-19 pandemic has become one of the largest business and economic shocks in modern history. Although it is difficult to assess the long-term consequences of this phenomenon at the current stage, events have already taken place in the economy that have catalyzed a number of changes. And in particular, these systemic innovations are closely related to the digitalization of technological business processes, which most of the market participants cannot ignore. Theoretical analysis. The economic downturn caused by the spread of the new coronavirus infection can be classified as an unpredictable factor that has made the external economic environment aggressive for a large proportion of enterprises, forcing businesses to seek alternative internal growth points. Empirical analysis. Based on the programs and strategies for adapting companies to the new crisis and the digital and operational transformations they have carried out, a number of elements can be identified that are integral to business models both during the period of isolation and after the end of the pandemic. Results. Universal self-isolation has become a unique phenomenon in the economy, on the one hand, manifesting itself as a global economic recession, and on the other, causing accelerated scaling and industrial application of digital technologies.

The Concept of “Industry 4.0” as the Basis for the Industrial Sector Reindustrialization

Introduction. The modern economy, based on digital technologies, poses the question for the public and private sector of how to modernize the industrial sector most effectively and smoothly through these technologies. Theoretical analysis. The researchers formed the idea of the need to modernize the industrial economy with the help of digital technologies, primarily through increasing the efficiency of planning processes and organizing the reproduction system. Empirical analysis. The analysis of the subtotals, the model of transition to the digital industrial sector Industry 4.0, introduced in Germany, is carried out. The key elements connecting the Internet of Things technology and the industrial sector of the economy are decomposed. The scheme of building global networks based on cloud-based platforms with communication between intelligent objects is considered. The main problems that enterprises face when introducing digital models in production are highlighted. Results. For the successful digitalization of Russian industry, in addition to harmonizing and harmonizing the interests of business and the state, developing an appropriate digital institutional environment, it also requires the development and harmonization of industrial standards, the implementation of a range of measures to ensure information security, training for digital industries and expanding cooperation in the “business – science – education – power” system. 

Features of Structural and Technological Modernization of Industry in the Russian Federation

Introduction. The need for modernization is due to the achievement of the productivity limit within the existing technological order, as well as the systemic crisis of the Russian industry. Theoretical analysis. Based on the semantic analysis of terms, the essential features of the modern stage of modernization transformations were identified: large-scale changes in existing industries under the influence of the “breakthrough” technologies’ use, which will lead to changes in the chains of consumer value creation and the formation of new business models based on platforms; the emergence of new markets, whose members may become counterparties for enterprises of traditional industries; high importance of government initiatives for the implementation of transformations. Modernization beyond industry should affect both state and public institutions. Empirical analysis. Based on the analysis of statistical data, the current state of the Russian industry was assessed. The unevenness of industrial production in the sectoral and regional context was confirmed. On the example of the Sverdlovsk region, it is determined that the regional priority of structural and technological modernization of industry is mechanical engineering. Key areas of machine-building production growth in the region, prospective existing and future markets for the sale of their products, including radio electronics, additive manufacturing, aircraft and shipbuilding, railway technology, space systems, nuclear medicine, photonics, robotics, have been identified. Results. Most of the domestic industrial production corresponds to the third technological order, while developed countries are moving to the sixth. The thesis on the structural degradation of Russian industry, which occurred as a result of the deepening of inefficient specialization in low-tech energy- and resource-intensive industries and the actual loss of certain industries of investment and social importance, was confirmed.