Tertiarization and industrialization as structural components of post-industrial development
Abstract. This article presents the results of a study of service and industrial structural shifts in the context of the formation of a post-industrial economy. The theoretical part of the study is represented by an examination of the concepts characterizing the corresponding intersectoral shifts, which made it possible to clarify the interpretation of their content and distinguish them from related concepts. Contradictions between tertiaryization and reindustrialization, as well as the factors determining the choice of priority between them, are revealed. In the empirical part, the study was conducted at the global and country levels in order to establish the possibility of coexistence of the structural processes under study. Over the 9-year period of consideration, no statistically recorded signs of tertiaryization and reindustrialization were found in the global economy. However: among the group of the largest national economies that have embarked on the path of post-industrial development, an increase in the share of the service sector occurred in all countries, and the industrial sector in half of the countries. Globally, the presence of tertiaryization was recorded in countries with an income per capita above the average and in low-income countries, while reindustrialization was recorded in countries with a lower-middle income.
Keywords: tertiarization, reindustrialization, servitization, service sector, industrial sector, manufacturing, intersectoral structural shift, income level of the population.
Hightlightts:
- the post-industrial stage of economic development may equally be characterized by two opposite structural processes, namely tertiarization and reindustrialization, the scientific interpretation of the content of which has been clarified;
- an empirical analysis of the current dynamics of the shares of the service and industrial sectors at the global level and at the level of leading national economies was carried out, on the basis of which it was concluded that there were no signs of processes of both tertiarization and reindustrialization of the world economy in the studied period, whereas in the largest national economies, insignificant tertiarization was noted;
- the contradictions between the processes of tertiarization and reindustrialization are revealed, as the determining reason for the existence of which the conflict of goal-setting is established;
- the factors of choice in favor of tertiarization or reindustrialization are highlighted, taking into account the level of socio-economic development of the countries.
Viacheslav A. Perepelkin - Samara State University of Economics, Samara, Russia; Elena V. Perepelkina - Fund2index GmbH, Frankfurt am Main, Germany