IDEAS home Printed from https://ideas.repec.org/a/alq/rufejo/rfej_2017_08_3-14.html
   My bibliography  Save this article

The problem of reindustrialization of the world economy

Author

Listed:
  • Aleksandr Nikolaevich Zakharov

    (Moscow State Institute of International Relations (University) MFA Russia)

Abstract

The article reveals the most important aspects of the problem of reindustrialization of the world economy, examines strategies for reindustrialization of the USA, Canada, and Australia.The relationship between the world trend - the transition to the digital economy - and the processes of reindustrialization within the framework of the Fourth Industrial Revolution is considered. The shifts in manufacturing in the US are prompted by the imposed restrictions in the form of an increase in the import tax, along with the introduction of tax energy incentives for domestic production. Undisputed advantage of Canada in carrying out the reindustrialization of the economy is a highly skilled labour force, specialists with secondary education. In conditions of reindustrialization on the eve of the Fourth Industrial Revolution, the availability of highly skilled labour is a necessary condition for the state's competitiveness. The Russian Federation is faced with the situation when reindustrialization is complicated by unfavourable external economicand foreign policy conjuncture (a policy of sanctions against Russia). For the Russian Federation,the reindustrialization of the economy should imply an extensive modernization of the existing production capacities, as well as the formation of new industries based on the use of technologies of the sixth technological order. In these conditions, the drivers of the new industrialization should be knowledge-intensive industries, in which the latest technologies and the largest number of highly skilled personnel are concentrated.

Suggested Citation

  • Aleksandr Nikolaevich Zakharov, 2017. "The problem of reindustrialization of the world economy," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 8, pages 3-14, August.
  • Handle: RePEc:alq:rufejo:rfej_2017_08_3-14
    as

    Download full text from publisher

    File URL: http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2017_08_3-14.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alq:rufejo:rfej_2017_08_3-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Chernyavskaya (email available below). General contact details of provider: https://edirc.repec.org/data/vavtmru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.