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Network Industrial Policy in the Age of the New Industrial Revolution

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  • Tolkachev, S.

    (Financial University under the Government of the Russian Federation, Moscow, Russia)

Abstract

The prolonged world economic uncertainty for last 10 years, testifies to tectonic shifts in the world economic structure, and, in particular, about the gradual transformation of global production. Reindustrialization and reshoring in the US, coupled with the protectionist policy of D. Trump, confirm the thesis of a radical restructuring of the world industrial landscape on the new industrial revolution background. The article advances a hypothesis of a new industrial paradigm "global design - local production" on the basis of industrial Internet and additive technologies. Network organization, inherent in the new paradigm, generates new forms of industrial development assistance. A hypothesis is proposed to stop the orientation to the "scale effect" in the conduct of a network industrial policy. Network industrial policy must take into account that production and consumption cease to be separate phases in the system of social reproduction, consumers are able to partially perform the functions of a co-productor, and producers become consumers of crowdsourcing services. A criterial comparison is made of the network industrial policy inherent in the Fourth Industrial Revolution, with vertical and horizontal industrial policies operating in the era of the previous industrial revolutions.

Suggested Citation

  • Tolkachev, S., 2018. "Network Industrial Policy in the Age of the New Industrial Revolution," Journal of the New Economic Association, New Economic Association, vol. 39(3), pages 155-162.
    • Handle: RePEc:nea:journl:y:2018:i:39:p:155-162
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    References listed on IDEAS

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    1. Jean Imbs & Romain Wacziarg, 2003. "Stages of Diversification," American Economic Review, American Economic Association, vol. 93(1), pages 63-86, March.
    2. Pack, Howard & Saggi, Kamal, 2006. "The case for industrial policy : a critical survey," Policy Research Working Paper Series 3839, The World Bank.
    3. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," CEPR Discussion Papers 4767, C.E.P.R. Discussion Papers.
    4. Ken Warwick, 2013. "Beyond Industrial Policy: Emerging Issues and New Trends," OECD Science, Technology and Industry Policy Papers 2, OECD Publishing.
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    Cited by:

    1. Olga Romanova & Alena Ponomareva, 2019. "Theoretical, Institutional and Ethical Basis for Implementing Modern Industrial Policy. Part I," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 13-28.

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    More about this item

    Keywords

    industrialization; structural change; industrial policy; innovation; globalization; development policy;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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