Factors of technological development and re-industrialization of traditional industrial sectors

Факторы технологического развития и реиндустриализации традиционных секторов промышленности

Olga Yeremchenko and Cherchenko, O.В. (Черченко, О.В.)
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Cherchenko, O.В. (Черченко, О.В.): Directorate of State Scientific and Technical Programmes

Economy of science, 2018, vol. 4, 95-114

Abstract: The factors contributing to the technological development of traditional sectors of industry, in particular the global automotive industry, are considered. It is noted that the automotive industry, which is not related to high-tech industries, by the end of 2017 entered the top 3 industries with the highest level of science among the six largest industrial sectors. The analysis of the competitive landscape and strategies of technological diversification of the traditional leaders of the automotive industry, caused by the emergence of technologies for the electrification of vehicles, was carried out. It is concluded that among the factors that lead to reindustrialisation traditional industries, are the emergence breakthrough technology; the escalation of competition for new niches formed by this technology; a sharp increase in the volume of budgets for research; increasing of investment and patent activity; removal of barriers established by intellectual property rights; cooperation with companies of related industries.

Keywords: technological development; traditional industries; reindustrialization; factors; automotive industry; vehicle electrification technologies; competitive landscape (search for similar items in EconPapers)
JEL-codes: F63 O14 O33 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: FACTORS OF TECHNOLOGICAL DEVELOPMENT AND RE-INDUSTRIALIZATION OF TRADITIONAL INDUSTRIAL SECTORS (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecosci:es1808

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