The Increasing Role of the Real Sector in Building a Post-Industrial Economic System

Abstract

Aim. The presented study aims to examine international experience and current domestic practices to develop scientifically grounded proposals for Russia’s transition towards a post-industrial economic system based on the integration between the real sector and the high-tech services sector in the context of globalization.Tasks. The authors analyze the classical foundations of the post-industrial economic system and develop a mechanism for its formation under modern conditions; determine the key characteristics of the real sector and characterize its relationship with the financial sector and the services sector in the process of building and developing a post-industrial economic system; identify the fundamental problems that hinder Russia’s transition towards a post-industrial economic system; identify the key elements of the modernization of the national economic policy aimed at strengthening innovation susceptibility and transparency, which is an essential prerequisite for the transition towards a postindustrial economic system; justify the need for the formation of a high-tech real sector and its integration with the high-tech services sector within the framework of a systemic production process.Methods. This study critically analyzes the classical concepts of a post-industrial economic system that determines the behavior of economic entities at various levels as well as existing views on the mechanism of its construction. Analytical tools are used to propose a modification of the fundamentals of the transition towards a post-industrial economic system in the context of global competition and economic instability. The related directions of changes in the national economic policy are substantiated and their target function is determined.Results. The study, which is aimed at building a post-industrial economic system, shows the increasing role of the high-tech real sector and its relationship with the high-tech services sector. This allowed the authors to justify the necessity of forming a single conceptual model of the systemic production process that would unite all high-tech sectors of the economy, with the predominant development of the real sector. The implementation of such a model will ensure Russia’s transition towards a post-industrial economic system, taking into account the opportunities and risks introduced by globalization.Conclusions. The prospects for the post-industrial development of the Russian economy and the regulatory role of the government as the manager of post-industrial development on the basis of the increasing role of the real sector are determined.