The Increasing Role of the Real Sector in Building a Post-Industrial Economic System

2021 ◽  
Vol 26 (12) ◽  
pp. 1367-1371
Author(s):  
A. S. Shatrovskaya
Keyword(s):  
Economic System ◽  
Industrial Development ◽  
High Tech ◽  
Real Sector ◽  
The Real ◽  
Services Sector ◽  
National Economic ◽  
Post Industrial ◽  
Industrial Economic

Aim. The presented study aims to examine international experience and current domestic practices to develop scientifically grounded proposals for Russia’s transition towards a post-industrial economic system based on the integration between the real sector and the high-tech services sector in the context of globalization.Tasks. The authors analyze the classical foundations of the post-industrial economic system and develop a mechanism for its formation under modern conditions; determine the key characteristics of the real sector and characterize its relationship with the financial sector and the services sector in the process of building and developing a post-industrial economic system; identify the fundamental problems that hinder Russia’s transition towards a post-industrial economic system; identify the key elements of the modernization of the national economic policy aimed at strengthening innovation susceptibility and transparency, which is an essential prerequisite for the transition towards a postindustrial economic system; justify the need for the formation of a high-tech real sector and its integration with the high-tech services sector within the framework of a systemic production process.Methods. This study critically analyzes the classical concepts of a post-industrial economic system that determines the behavior of economic entities at various levels as well as existing views on the mechanism of its construction. Analytical tools are used to propose a modification of the fundamentals of the transition towards a post-industrial economic system in the context of global competition and economic instability. The related directions of changes in the national economic policy are substantiated and their target function is determined.Results. The study, which is aimed at building a post-industrial economic system, shows the increasing role of the high-tech real sector and its relationship with the high-tech services sector. This allowed the authors to justify the necessity of forming a single conceptual model of the systemic production process that would unite all high-tech sectors of the economy, with the predominant development of the real sector. The implementation of such a model will ensure Russia’s transition towards a post-industrial economic system, taking into account the opportunities and risks introduced by globalization.Conclusions. The prospects for the post-industrial development of the Russian economy and the regulatory role of the government as the manager of post-industrial development on the basis of the increasing role of the real sector are determined.

scholarly journals Financial system and growth and economic development

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 160-170
Author(s):  
Małgorzata Hala
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Real Sector ◽  
The Real ◽  
State And Local ◽  
The Impact

The aim of the article is to present the role of the financial system in economic growth and development. The first part presents the traditional understanding of the relationship between the economic system and economic growth. The second part presents the experience of financial crises and their impact on the conversation on the mutual relations between the financial sector and the real sector. The third part shows the role of the state in the financial system. The article describes the arrangement of interrelated financial institutions, financial markets and elements of the financial system infrastructure.  It shows what part of the economic system the financial system is, and whether it enables the provision of services allowing the circulation of purchasing power throughout the economy. The article presents the important role of the financial system, the role related to the transfer of capital from entities with savings to entities that need capital for investments. It shows the financial system as a set of logically related organizational forms, legal acts, financial institutions and other elements enabling entities to establish financial relations in the real sector and the financial sector, and this system forms the basis of activity for entities using money, enabling the conclusion of various economic transactions, in which money performs various functions. The article also presents the concept of a financial crisis as a situation in which there are rapid changes in the financial market, usually associated with insufficient liquidity or insolvency of banks or financial institutions, and as a result, a decrease in production or its deepening. The article also includes issues related to the impact of public authorities (state and local authorities) on the financial system in the economy.

The role of the project “Development of an interregional technology transfer network” in the innovative development of regions

2020 ◽  
pp. 79-86
Author(s):  
L. O. Firsova ◽  
N. Y. Shved ◽  
V. H. Bessarab
Keyword(s):  
Technology Transfer ◽  
High Tech ◽  
Real Sector ◽  
Innovative Development ◽  
Transfer Of Knowledge ◽  
The European Union ◽  
Project Development ◽  
The Real ◽  
Regional Centers

The growth of the Ukrainian economy largely depends on the effective use of the intellectual, scientific and technological potential of the country, the rapid pace of commercialization of high-tech scientific developments and its implementation in key areas of the national economy. In the period 2018–2020, the State Scientific Organization “Ukrainian Institute of Scientific and Technical Expertise and Information” (hereinafter — UkrISTEI) implements the project “Development of the Interregional Technology Transfer Network” (hereinafter — Project), within the framework of which the Interregional Office for the Transfer of Knowledge and Technologies on the basis of UkrISTEI was created; two pilot regional centers for the transfer of knowledge and technology in Odesa and Kharkiv were created. This Project is aimed at the widespread introduction of modern technologies in the real sector of the economy — as one of the tasks on the agenda of not only Ukraine, but also the European Union. The article assesses the potential of pilot regions through research that unites enterprises, scientific institutions, organizations, universities and other legal entities, regardless of the form of ownership, which create or use technologies or objects of intellectual property rights or relate to innovation infrastructure. The activities within the framework of the project “Development of an interregional technology transfer network” (hereinafter referred to as the Project) to increase the competitiveness of regions and increase their innovative development were presented, the role of the Project in the innovative development of regions was highlighted. The article defines the role of the Interregional Office and regional centers as centers of technology transfer and innovation: also a number of measures to activate the startup movement in Kharkiv and Odesa were taken. The work within the framework of the project “Development of an interregional technology transfer network” allowed to improve the results of domestic scientific and technical developments introduction in the real sector of the economy and to give impetus to its dynamic growth, to raise the employees’ awareness level in offices, departments, etc. for the technologies transfer, developers, startups, etc.

scholarly journals A Study of the Impact of Cloud Computing Alignment on the Enterprise Technological Capability Based on Environmental Turbulence

2021 ◽  
Vol 235 ◽  
pp. 02049
Author(s):  
MingXing Shao ◽  
XiaoHe Yang
Keyword(s):  
Cloud Computing ◽  
Industrial Development ◽  
Technology Development ◽  
Environmental Turbulence ◽  
High Tech ◽  
Enterprise Technology ◽  
Technology Absorption ◽  
The Impact ◽  
Development Capability

One of the most current concerns in the field of information system is whether cloud computing technology can deliver the desired improvement of capability and value to enterprises. This paper studied the enterprise technology development capability of the enterprises in Beijing Zhongguancun Technology Park, the first national high-tech industrial development zone in China, from the perspective of the breadth and depth of the alignment of cloud computing and enterprise. It proposed a theoretical model to study how the breadth and depth of alignment affects the enterprise technology development capability in a turbulent environment and considers the intermediary role of the enterprise technology absorption capability and the moderation role of environmental turbulence in it. The model was tested empirically by questionnaires and structural equation model (SEM). Empirical results showed that both the deep and wide alignment of cloud computing can enhance the enterprise technology development capability by improving the enterprise technology absorption capability.

SMALL BUSINESS: ILLUSIONS AND REALITY

2020 ◽  
Vol 10 (10) ◽  
pp. 2301-2312
Author(s):  
S.V. Popova ◽  
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Industrial Society ◽  
High Tech ◽  
Systematic Analysis ◽  
Global Trends ◽  
Reproduction Process ◽  
The Face ◽  
Post Industrial

In post-industrial society, there is an increase in the role of small business as an integral element of the reproduction process. The activities of small and medium-sized businesses in our country are carried out on the basis of the established global trends. Difficulties in the dynamics of this sphere are formed under the influence of increased concentration of production and consolidation of enterprises, which gives rise to a number of problems and contradictions. Considering small business as the most important component of the market economy, its role in solving the problems of creating a competitive environment and ensuring employment should be noted. The scientific literature on the problem under consideration shows the versatility in the authors’ views of the small business role in economic development. This problem is disclosed in sufficient detail in the works of foreign authors (M Weber, J. Gelbraith, P. Drucker, W. Sombart, R. Cantillon, R Coase, J. Keynes, K. Marx, A. Marshall, L. Mises, A. Smith, J. Schumpeter and others). In Russia, L. Abalkin, A. Anchishkin, K. Bazhenov, S. Witte, V. Inozemtsev, M. Lapusta, L. Slutsky, P. Stolypin, M. Tugan-Baranovsky, A. Chayanov and etc. considered this problem. The article reveals the role of small business in the Russian economy, as well as the problems and contradictions of its functioning. On the basis of a systematic analysis of the current trends, the problems, efficiency and significance of small business are identified. Research has shown that the role of small businesses is greatly exaggerated. Small business development acts as a factor in reducing unemployment. In the process of economic activity, a number of problems arise that the enterprises themselves cannot solve. A set of measures is required to support this activity and overcome the crisis. It is important that small and medium-sized enterprises can form their own accumulation fund, which can be used to adapt in the face of stagnation, which will increase the size of the labor force and labor productivity. The crisis of small and medium-sized businesses leads to a multiplier effect in the economy, which reduces the volume of GDP. As a result of the “concentration of capital” among large producers, smallscale production becomes unproductive and unprofitable. The opportunities for obtaining loans from small businesses are very limited. Modern high-tech productive equipment is not available to most. In many enterprises, there is no separation in order to save financial resources on wages. The social security of employees is low. The prosperity of any country in a post-industrial society depends on big business; small business is only an auxiliary sphere of activity. Relying on small business, it is impossible to improve the quality of life, to ensure economic growth and national security. The results of the study can be used in determining the strategic guidelines of economic policy and choosing development priorities.

Industrial Restructuring and the Spatial Division of Labor: The Case of the Seoul Metropolitan Region, the Republic of Korea

1993 ◽  
Vol 25 (1) ◽  
pp. 81-93 ◽  
Author(s):  
S O Park
Keyword(s):  
Division Of Labor ◽  
Industrial Development ◽  
Corporate Strategy ◽  
Spatial Separation ◽  
Metropolitan Region ◽  
Industrial Restructuring ◽  
High Tech ◽  
Regional Characteristics ◽  
Seoul Metropolitan Region

This paper is an overview of an industrial restructuring and spatial division of labor in the Seoul metropolitan region, with a focus on the role of the Korean government, corporate strategy, and regional characteristics in controlling labor and capital. The spatial division of labor that appeared in the 1970s was related mainly to the Korean government's promotion of the rise of large enterprises to institutionalize heavy and chemical industrial development. Since the 1980s, in addition to the role of the state, corporate strategy and regional characteristics have been regarded as important factors for understanding the undergoing industrial restructuring. Concentration and development of high-tech industries in the Seoul metropolitan region during the 1980s have progressed with evolving intensified spatial division of labor beyond the spatial separation of headquarters and production units. The evolution of intensified spatial division of labor is the result of corporate strategy which regionally separates technical workers from production workers on the one hand, and corporate strategy in utilizing regional characteristics from the government's decentralization policy on the other hand.

The Changing Role of the State in High-Tech Industrial Development: The Experience of Hong Kong

1994 ◽  
Vol 12 (4) ◽  
pp. 449-472 ◽  
Author(s):  
A G-O Yeh ◽  
M K Ng
Keyword(s):  
Hong Kong ◽  
Industrial Policy ◽  
Industrial Development ◽  
Active Role ◽  
High Tech ◽  
Economic Activities ◽  
Role Of The State ◽  
Challenges And Opportunities ◽  
The Government

This paper is an examination of the role of the Hong Kong government vis-à-vis governments in Japan and other Asian newly industrialized economies (NIEs) in high-tech industrial development. It is argued that, whereas governments of Japan and other Asian NIEs have played very important roles in facilitating industrial restructuring, the Hong Kong government has so far refrained from direct participation in industrial development. Although the Hong Kong government has assumed an important position in the course of economic development in the territory, especially in terms of land-related economic activities, it has little vested interest and experience in directing industrial developments. It was not until the 1990s that the government switched from a ‘positive nonintervention’ to a ‘minimum intervention with maximum support’ industrial policy and began to play a more active role in facilitating industrial upgrading. The effectiveness of the changing industrial policy and the prospects for high-tech development in the territory are reviewed by examining the challenges and opportunities faced by the Hong Kong government in facilitating high-tech industrial development.

scholarly journals INNOVATIVE MANAGEMENT IN TRANSITION ECONOMY

2018 ◽  
pp. 165-171
Author(s):  
A. CHARINA ◽  
V. SOKOV
Keyword(s):  
Human Capital ◽  
Knowledge Economy ◽  
Industrial Development ◽  
Transition Economy ◽  
Innovation Management ◽  
Development Model ◽  
Innovative Management ◽  
Post Industrial

The article considers theoretical aspects of innovation management in countries with transitive economy on a way to post-industrial development model according to the structural crisis caused by their specificity. The ways of solving the emerging problems are proposed. The role of human capital and social-functional innovations is emphasized in the transition to "knowledge economy”.

scholarly journals Pengembangan Sektor Ekonomi Daerah Tertinggal di Provinsi Kalimantan Barat

2017 ◽  
Vol 6 (3) ◽  
pp. 251
Author(s):  
Supianto Supianto ◽  
Silvester Ansel Urep ◽  
Windhu Putra
Keyword(s):  
Health Services ◽  
Structural Transformation ◽  
Domestic Product ◽  
Social Activities ◽  
West Kalimantan ◽  
The Real ◽  
Services Sector ◽  
Primary Sector ◽  
Average Contribution

This study aims to determine the contributions and and analize the leading sectors and changes of economics structure which can be used as information of economics development in undeveloped regions in West Kalimantan. The results show that agricultures, forestries and fisheries sectors are the economics sectors with the highest average contribution rates for all underdeveloped regions in Kalimantan Barat Province; while electricity and gas procurement sectors become economics sectors with the smallest contribution average in the formation of Gross Regional Domestic Product (GRDP) of all underdeveloped regions. The real estates sector and the health services sector and social activities are the leading sectors as well as the agricultures, forestries and fisheries sectors and the mining and quarrying sectors into potential sectors to be developed into the leading sectors in disadvantaged areas. This study also shows that there has been a structural transformation of the economy from the primary sector to the tertiary and secondary sectors marked by the decline in the role of the primary sector and the increasing role of the tertiary and secondary sectors to the formation of GRDP and the absorption of manpower in all the underdeveloped regions in West Kalimantan Province.

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