Post-industrial Modernization: Problems and Prospects

The chapter contains the author’s approach to researching the current time of post-industrial development, which was the evolutionary result of society’s awareness of the consequences of deindustrialization. The most relevant trends concerning the economic dynamics of the development of developed, developing, and transition economies include re-industrialization, new industrialization or “innovative industrialization”, neo-industrialization, and super-industrialization. Each country has its own unique socio-economic state and its potential for involvement in the world’s post-industrial development. The analysis of the post-industrial modernization policy of the world’s economies (the United States, China, Western and Eastern Europe, Japan, Russia, Southeast Asia, etc.), including implementation of leadership strategy, “transfer” strategy, strategy of “catching-up development”, and “build-up” strategy. For some countries, a reindustrialization strategy based on the growth of industrial production (tradition) is appropriate; others must use a fundamentally innovative strategy, for example, new industrialization (innovation) or a combination of these strategies. The chapter concludes that this structural crisis can be overcome by the introduction of new technologies that open up new production capabilities which provide a breakthrough in improving economic efficiency and instigate the transition to a new stage of height. It also presents the structure of the book and its key points.