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Application of the New Resource Approach to the Study of the Parameters of the Industrialization Economy

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  • Yulia V. Razvadovskaya

Abstract

The processes of industrialization, reindustrialization and new industrialization differ not only in the content and mechanisms of implementation, but also in the set of resources required for their application. New industrialization as a process of quantitative and qualitative changes in the economy is based on a complex of resources. These resources are necessary, on the one hand, for the modernization of traditional industries, and on the other hand, for the formation of promising economic activities and industries. Keeping a balance between the resources used to achieve the goals of modernization and innovative development in order to achieve the goals of modernization and innovative development is one of the tasks of a methodological nature and requires the development of appropriate theoretical approaches and models. At the same time, the second most important task is the application of such theories and concepts that will provide a solution to the problems associated with the identification, assessment and description of the parametric characteristics and functions of resources in the system of industrial development of the domestic economy. To solve these problems, the article highlights the features of new industrialization; its differences from such phenomena as industrialization, deindustrialization and reindustrialization. It is substantiated that the use of the resource concept as a methodological basis for new industrialization will make it possible to determine the following: to draw up a typology of the resources of new industrialization; identify criteria for strategic and complementary resources of new industrialization; to identify the subjects of relations in the resource allocation system, as well as their specific functions. The article concludes that modernization processes are provided mainly by massive resources and complementary capabilities and competencies, while the processes of innovative and technological development within the framework of the new industrialization of the economy presuppose the presence of strategic, unique resources and competencies.

Suggested Citation

  • Yulia V. Razvadovskaya, 2021. "Application of the New Resource Approach to the Study of the Parameters of the Industrialization Economy," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 4.
    • Handle: RePEc:ack:journl:y:2021:id:674
    DOI: 10.33293/1609-1442-2021-4(95)-20-35
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    References listed on IDEAS

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    1. Birger Wernerfelt, 1984. "A resource‐based view of the firm," Strategic Management Journal, Wiley Blackwell, vol. 5(2), pages 171-180, April.
    2. StewartJr., Wayne H. & Watson, Warren E. & Carland, Joann C. & Carland, James W., 1999. "A proclivity for entrepreneurship: A comparison of entrepreneurs, small business owners, and corporate managers," Journal of Business Venturing, Elsevier, vol. 14(2), pages 189-214, March.
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