Transformation of regional industrial structure during technological evolution

Abstract

Due to the fourth industrial revolution evolution, the regional economy faces the need for adapting to the new conditions related to the expanding Industry 4.0 processes. This issue requires studying and scientific understanding of the transformations in the regional industrial structure and building up a new technological core. To this end the author of the article considers and thoroughly describes the compound category of the regional industrial structure transformation in the context of the key theories and basic concepts of the regional economic development and the requirements of the technological revolution. Aspects of modern trends in the development of the theory and methodology of the regional economy are considered in detail, taking into account the stage of technological evolution and industrial transformations. The author used structural-logical and context analysis as the basis for actualization of defining the transformation of the regional industrial structure as the state of compliance of the trajectory of changes in the sectoral industrial structure of the region with naturally emerging elements of the new way of life.