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Strategic instruments for the growth of the industrial sector of the economy in the conditions of the sixth big Kondratiev cycle

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  • D. Ðœ. Zhuravlev
  • V. K. Chaadaev

Abstract

An analysis of global trends in economic and technological development shows that there are all signs that the driving force behind the rise of the sixth major Kondratiev cycle has started working – digital technologies of the fourth technological order, which is initiated by the emergence and implementation of innovations in production processes, defi ned as NBIC technologies (convergence of four industries knowledge related to nanotechnologies, biotechnologies, information and cognitive technologies). However, the currently observed slowdown in economic growth rates (both global and national) leads to the need to fi nd growth points, the fi xation and development of which would make it possible to extract the maximum benefi t from the use of digital technologies. The purpose of this article is to identify tools that can ensure the progressive development of the industrial sector of the national economy in the conditions of the predicted crisis and recession.The article analyzes the dynamics of the world’s leading economies, shows that the industrial growth index is dominant in the formation of the gross domestic product of the national economy. It is suggested that one of the key factors infl uencing the slowdown in economic growth is the “digital divide†– the period of time that passes after the emergence of technologies on the market and the beginning of their commercial operation. To eliminate the “digital divide†, it is proposed to use digital platforms that provide the possibility of confl ict-free evolutionary redesign of existing enterprise processes and intelligent integration of implemented solutions in a single information space, due to which there is a signifi cant increase in effi ciency and production growth. At the same time, it is noted that, unlike previous technological paradigms, the modern economy is characterized by the possibility of using digital solutions of equal functionality at enterprises of various industries, it is only necessary to set up routes for the execution of end-to-end business processes, taking into account the specifi cs of production. Examples of a universal corporate digital platform that solve such problems are given.

Suggested Citation

  • D. Ðœ. Zhuravlev & V. K. Chaadaev, 2023. "Strategic instruments for the growth of the industrial sector of the economy in the conditions of the sixth big Kondratiev cycle," Russian Journal of Industrial Economics, MISIS, vol. 16(3).
  • Handle: RePEc:ach:journl:y:2023:id:1217
    DOI: 10.17073/2072-1633-2023-3-253-262
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