Post-industrial Society: State Initiative and Social Conservatism

Julia Kovalchuk ()
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Julia Kovalchuk: Moscow State Institute of International Relations (MGIMO University)

Chapter Chapter 21 in Post-Industrial Society, 2020, pp 265-274 from Springer

Abstract: Abstract Each state is interested in its own prosperity, despite the differences between countries in terms of their stages of industrialization, the values of macroeconomic indicators, and political regimes. Today, high-quality economic growth should be ensured by the transition to new technologies (resource-saving, digital) in the framework of the post-industrial development of society and its economy, the basis of which is the new industrialization. The author proves that the design of future states and the development of economic systems is determined by factors such as: (a) technological trends; (b) competition that ensures market proportionality, dynamism, and efficiency; (c) an institutional environment; (d) resources, defining competitive advantages; and (e) capital allocated for financing development. The сhapter analyzes and identifies trends in industrial policy in different countries of the world. Modern industrial policy should be focused on developing the industry technological areas, diversifying the economy, and creating new sectors. It is concluded that industrial policy should be harmonized, taking into account the need for developing a real economy—this is where its conservatism and its significance for society are manifested. In addition to government initiatives and promoting innovative development, there is also a need for consensus from both large corporations and small businesses; then, the goals of post-industrial development will have maximum value for society.

Keywords: Post-industrialization; Industrial policy; Innovation; Leadership; Technological trends; O11; O14; О21 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-59739-9_21

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DOI: 10.1007/978-3-030-59739-9_21

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