scholarly journals SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT AS A FACTOR OF ACCELERATING ECONOMIC GROWTH IN RUSSIA

2021 ◽  
Vol 230 (4) ◽  
pp. 237-244
Author(s):  
E.B. LENCHUK ◽  
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Large Scale ◽  
Industrial Revolution ◽  
Technological Development ◽  
Technological Basis ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Sustainable Economic Growth ◽  
Scientific And Technological Development

The article deals with the modern processes of changing the technological basis of the world economy on the basis of large-scale transition to the use of technologies of the fourth industrial revolution, shaping new markets and opens up prospects for sustainable economic growth. It is in the scientific and technological sphere that the competition between countries is shifting. Russia remains nearly invisible player in this field. The author tried to consider the main reasons for such a lag and identify a set of measures of state scientific and technological policy that can give the necessary impetus to the scientific and technological development of Russia.

scholarly journals KEY TRENDS IN THE WORLD ECONOMY DEVELOPMENT: NEW CHALLENGES AND PROSPECTS

2021 ◽  
Vol 17 (1) ◽  
pp. 3-17
Author(s):  
Олександр Амоша ◽  
Ірина Підоричева ◽  
Анатолій Землянкін
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Technological Development ◽  
Strategic Decisions ◽  
Development Trends ◽  
Fourth Industrial Revolution ◽  
Public Corporations ◽  
The World ◽  
Analysis And Synthesis ◽  
Private And Public

Introduction. Globalization 4.0 and the underlying technological innovations have been leading the world into a new phase of development – cyber-physical systems and talents – an era that has no historical precedent in terms of scale, speed, and depth of changes. Problem Statement. The latest waves of globalization and industrial revolution bear unprecedented challenges and development prospects that countries, regions, corporations, and individuals must be aware of in order to adequately respond and to make adequate decisions. Purpose. Identification and analysis of key development trends in the world economy related to globalization and revolutionary technological transformations in their unity and interdependence, one of which is the development of a network economy as the next economic revolution based on trust, negotiations, diplomacy, and a culture of mutual assistance. Materials and Methods. Analysis and synthesis, comparative analysis and systemic approach have been used for this research. Scientific reports of international organizations, private and public corporations, foreign and Ukrainian scholarly research publications on this issue have been used as references. Results. The main features of Globalization 4.0 and the fourth industrial revolution, which are fundamentally transforming the global economic, social, and geopolitical landscape have been generalized and systematized. The periodization of the globalization waves, as compared with the phases of the industrial revolutions, has been made. This has allowed a comprehensive analysis of the processes of globalization and technological development in their unity and interdependence and further substantiation of the key development trends in the world economy. Conclusion. Globalization 4.0 and the fourth industrial revolution have been transforming all areas of society throughout the world, and therefore should be taken into account when making strategic decisions at all levels of management, from corporate to international.

scholarly journals New trends in the development of the world economy in view of the effects of the emerged crisis

2020 ◽  
Vol 186 (11-12) ◽  
pp. 4-11
Author(s):  
Ekaterina Nosachevskaya ◽  
◽  
Lyubov Afanasyeva ◽  
Keyword(s):  
Economic Growth ◽  
System Approach ◽  
World Economy ◽  
Technological Development ◽  
Economic Recession ◽  
The World ◽  
The Face ◽  
National Economies ◽  
Scientific And Technological Development

The paper deals with measures taken in different countries in order to mitigate the consequences of the economic recession. The authors of the paper have characterized their impact on the transformation of the paradigm of the development of both the world and national economies, taking into account the trends relating to the technology shift. Attention is drawn to the possibility of ensuring a fundamentally new quality of economic growth of the world economy based on digitalization, technological breakthroughs and a system approach to ensuring a balanced spatial development of territories. The authors have substantiated national priorities in the development of socio-economic measures aimed not only at the recovery of the world and national economies from the crisis, but also at ensuring further growth. A set of recommendations aimed at enhanced development of economic processes has been determined; these recommendations are based on international experience in overcoming crises, including those caused by sharp changes in the pace of scientific and technological development as well as the results of the implementation of government measures taken to support enterprises in the face of the coronavirus pandemic.

scholarly journals Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea

2019 ◽  
Vol 11 (19) ◽  
pp. 5351 ◽  
Author(s):  
Yong Jae Shin ◽  
Yongrok Choi
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Industrial Revolution ◽  
Financial Industry ◽  
Fourth Industrial Revolution ◽  
Linkage Effect ◽  
Forward Linkage ◽  
Almost All ◽  
Innovation Platform ◽  
Sustainable Economic Growth

This paper examines the feasibility of fintech as a platform for sustainable economic growth and as a prompter of the fourth industrial revolution. To analyze the role of fintech in the national economy, we first broaden its definition and compare its economic performance using three methodologies—Demand-driven model, Supply-driven model and industry linkage effect in interindustry analysis. We find that the fintech industry has a stronger effect on production inducement. Regarding industry linkage effects, fintech ranked the top in all 31 industries for the forward linkage effect and 22 for the background linkage effect—much higher than the traditional financial industry. This implies that the fintech industry is effective as the intermediate good with national demand as well as the final good. Particularly, this industry plays the roles of intermediate and final goods across almost all industries. That is, fintech could better promote overall national economic performance as a platform industry. Because most businesses within the fintech industry depend on innovation through the integration of finance and information technology, we find that fintech can feasibly prompt the fourth industrial revolution. Nonetheless, this industry is characterized by excessive regulations in Korea, indicating the need for negative regulation for new, innovative businesses within the fintech industry that would critically emphasize innovativeness for inclusive, sustainable economic growth.

scholarly journals INNOVATIONS IN THE STRUCTURE AND METHODOLOGY OF CALCULATION OF THE GLOBAL COMPETITIVENESS INDEX

2019 ◽  
pp. 45-59
Author(s):  
Denis A. Strokatov
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Global Competitiveness ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
High Degree ◽  
Global Competitiveness Report ◽  
Made In

In October 2018 an updated Global Competitiveness Index (GCI) 4.0 was introduced in the Global Competitiveness Report2018. Inthe article identify the main differences in the structure and methodology of calculating GCI in the editions of the Global Competitiveness Report 2017–2018 and the Global Competitiveness Report2018. Areview of a number of sources showed that researchers don’t pay enough attention to innovations in the structure and methodology of calculating GCI 4.0. As a result of analyzing the structure and methodology of calculating GCI 4.0, it was revealed that a number of adjustments were made in the Index aimed at marking the importance of the Fourth Industrial Revolution, equalization the conditions when calculating the Index for countries at different stages of development, and taking into account current tendencies of the world economy. In conclusion, the author emphasizes that these innovations have reduced the high degree of subjectivity of the GCI, eliminated a number of difficulties in independent determining the value of the Index and increased the transparency of the calculations.

scholarly journals Russia in the Global Process of Scientific and Technological Development

2021 ◽  
Vol 14 (4) ◽  
pp. 72-91
Author(s):  
E. B. Lenchuk
Keyword(s):  
New Technologies ◽  
Technology Policy ◽  
Technological Development ◽  
Emerging Technology ◽  
Raw Material ◽  
Competitive Advantages ◽  
Technological Basis ◽  
The World ◽  
Global Economic Growth ◽  
Scientific And Technological Development

This article investigates new global trends in scientific and technological development and their impact on sustainable socio-economic  development of individual countries and the world as a whole. The author shows the importance of implementing emerging technologies that open up new opportunities for the global economic growth by changing its technological basis, giving a competitive advantage to those countries that are leading this change. The article analyses which new approaches to science and technology policy are being adopted in developed and developing countries to maintain high positions in the R&D and emerging technology, and to conquer new markets. Furthermore, the author reveals the risks associated with a serious gap between Russia and the leading countries, which is unlikely to be bridged with the existing raw material export-based development model. Analyzing the state of scientific andtechnological development, advance in the field of new technologies, as well as implemented strategies and programs in this area, the author identifies key areas for improving scientific and technological state policies, which will allow the country to intensify R&D and innovation in this area, strengthen its position in the global hightech markets and create prerequisites for increasing Russia’s competitive advantages in the global technology scene.

scholarly journals Structural shifts: impact on productivity and growth of Ukraine's economy

2021 ◽  
Vol 2021 (3) ◽  
pp. 59-76
Author(s):  
Inna Shovkun ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Labor Productivity ◽  
World Economy ◽  
Structural Changes ◽  
Global Financial Crisis ◽  
Technological Development ◽  
Structural Problems ◽  
Industrial Sectors ◽  
The World ◽  
Structural Shifts

The leading feature of the modern world has been the deep structural shifts caused by radical transformations of its industrial landscape. The corresponding transformations were caused by changes in the internal structure of national industrial sectors and were based on the technologies of the "fourth industrial revolution", whose emergence gave additional impetus to the structural transformation of the world economy, intensifying competition in global markets. The Covid crisis was a catalyst for accelerating changes in the intersectoral proportions of the world economy, complicating the existing structural problems. The study shows that the key feature of the model of structural changes that occurred in Ukraine's economy after the global financial crisis was the accelerated reduction of the industrial sector, especially the loss of potential of the processing industry, its technological simplification and narrowing the variety of industries. This was accompanied by increased dominance of the tertiary sector and the growth of the primary sector. Excessive share in the structure of production is occupied by industries, whose mode of reproduction is able to generate only relatively low rates of economic growth (mining and related industries of primary processing in industry and agriculture). Such a trend of structural shifts is not able to generate the necessary boost of economic growth, and much less so as it is burdened by the risks of deepening structural inconsistency of Ukraine’s economy with the cardinal changes taking place in the world economy. Comparison of parameters and trends of structural changes in Ukraine’s economy and in a comparable group of countries and the world as a whole shows that the changes in the structure of Ukraine’s economy were much higher, but did not create sufficient potential for sustainable economic growth. The author analyzes the gaps in labor productivity between economic activities and sectors of Ukraine’s economy, as well as changes in their dynamics, which leads to the conclusions about the relationship between the rates of technological development of different sectors of Ukraine’s economy and the gradual slowdown of the already imperfect technological development of this country’s industry with further loss of competitiveness. Estimated the degree of influence of such factors as investments and technological innovations, as well as shifts in the structure of employment on the increase of labor productivity in Ukraine’s economy. Using the apparatus of econometric modeling, the author evaluates the dependence of the dynamics of GDP growth on the change of the indices of the physical volume of GVA in the sectors of this country’s economy.

Social Context of Innovation Development

2013 ◽  
pp. 17-30
Author(s):  
N. Ivanov
Keyword(s):  
Human Capital ◽  
Social Context ◽  
World Economy ◽  
Technological Development ◽  
Central Position ◽  
Innovative Development ◽  
Innovation Development ◽  
The World ◽  
Ethical Norms ◽  
Scientific And Technological Development

The article deals the problems of innovative development, primarily those of accumulation of human capital that occupies the central position of the world economy of XX century. Its priority is based on revolutionary character of scientific and technological development of recent decades. This not only triggers the major breakthroughs a number of leading branches of knowledge but makes the innovations permanent. At the same time under the conditions of globalization the issues of moral and ethical norms and universal solidarity come to forefront. This makes more and more urgent the change of the developmental priorities.

Britain: The First Modern Industrial Economy

2018 ◽  
Author(s):  
William R. Thompson ◽  
Leila Zakhirova
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Industrial Revolution ◽  
Energy Sources ◽  
Industrial Economy ◽  
The World ◽  
The Right

The British Industrial Revolution is one of the most famous economic growth stories. Once a peripheral economy, Britain later became the center of the world economy, occupying a position of global technological centrality. When the British moved into a mineral-based economy via their embrace of coal, they were able to move beyond the traditional constraints of organic economies. This was truly revolutionary and produced the sustainability that had eluded the Dutch. What propelled Britain beyond the Smithian trajectory was the combination of ample, inexpensive coal and steam engines. Growth becomes more sustainable only when new types of energy sources are utilized and suitable technology that makes use of the new fuels is innovated. Britain was able to do both because of the very distinctive package of facilitative factors that were brought together at the right time in a particular place.

scholarly journals Logistics and transport in industry 4.0: perspective for Ukraine

2019 ◽  
Vol 67 ◽  
pp. 03008
Author(s):  
Igor Matyushenko ◽  
Sergiy Berenda ◽  
Tatyana Shtal ◽  
Larissa Grigorova-Berenda
Keyword(s):  
World Trade ◽  
Industry 4.0 ◽  
World Economy ◽  
Business Processes ◽  
Industrial Revolution ◽  
Successful Operation ◽  
Fourth Industrial Revolution ◽  
Interdisciplinary Approaches ◽  
The World ◽  
Logistics Services

The elaboration of the fourth industrial revolution and the process of globalization of the world economy is sine qua non of the successful operation and transformation of logistics. The formation of Logistics 4.0 relies in particular on cutting-edge technologies and the digitalization of business processes. The complexity of the structure of world trade arouses interest to the complete range of logistics services provided within a single company. This logic of development requires the application of interdisciplinary approaches, combined with the efforts of engineers, researchers and those interested in the field of logistics.

scholarly journals Beyond the Reductionist Thinking-Doing

2008 ◽  
Vol 3 (2) ◽  
Author(s):  
Fotis Theodoridis
Keyword(s):  
Economic Growth ◽  
Social Movements ◽  
Technological Development ◽  
The West ◽  
The World ◽  
Social Autonomy ◽  
Scientific And Technological Development

Drawing upon Castoriadis’ work, modernity is conceived to emerge as a conflict and mutual contamination between the two great projects of the West, the project of freedom, which has been pursued by different social movements as individual and social autonomy, and the project of the unlimited expansion of "rational mastery" over the world, which has been pursued by the institutions of capitalism as a ceaseless economic growth, associated to a ceaseless scientific and technological development. Both these projects have been emerged within a reductionist logic-ontology, which presupposes the determinacy and the identity-unity of being, and which thereby posits an imperative upon the Western thinking-doing: to provide a rational foundation of its projects – of freedom and of "rational mastery". As en epoch, postmodernity is defined by the retreat from the project of autonomy and by the increasing domination and globalization of the project of (pseudo-)rational (pseudo-)mastery. As an intellectual current, it has deconstructed the reductionism of modernity and thereby relativezed its political and socioeconomic projects, falling however into a political embarrassment and into the principle of "anything goes".

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