Structural Effects of the Introduction of Cross-Industrial Advanced Manufacturing Technologies: Experience of the European Union

Olga Smirnova () and Alena Ponomareva ()
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Olga Smirnova: Institute of Economics of the Ural Branch of the Russian Academy of Sciences
Alena Ponomareva: Institute of Economics of the Ural Branch of the Russian Academy of Sciences

A chapter in Digital Transformation in Industry, 2022, pp 149-161 from Springer

Abstract: Abstract The economic and industrial transformation is currently determined by the success of scientific and technological progress in such knowledge fields as information technology, biotechnology, nano- and microelectronics, robotics, etc. It is worth noting that technology does not develop in isolation. The convergence of technologies leads to a mutual reinforcement of their effectiveness and expands their scope of application. The formation of cross-links between industries and the use of advanced technology by enterprises impacts the industry's structure and the entire economic system. The article deals with cross-industrial innovation as one of the drivers of economic development and a factor in transforming the economic structure. The article deals with the technological transformation of national EU economies in the context of growing global trends of digitalization and green economy. A review of the technological transformation of developed countries’ economies seems appropriate in terms of the continuity of best practices of technological modernization of the economy. Trends in the use of advanced technologies in various economic sectors are analyzed, using the example of EU countries, which can be adapted to emerging markets. The dynamics and structure of using such advanced technologies as new materials, robots, micro-and nanoelectronics, and industrial biotechnology were analyzed. As a result of the study, it is shown that today's competitive technology is the product of a non-linear innovation process. It is concluded that the effective cross-industrial relations of EU enterprises are formed under the development of the cluster form of interaction.

Keywords: Cross-industrialization; Advanced technologies; Technological innovations; Structural analysis; Digitalization (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-030-94617-3_12

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DOI: 10.1007/978-3-030-94617-3_12

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