Hi-Tech sector’s forming and development under the conditions of new industrialisation

Federal State Budgetary Institution of Science “Institute of Economics of the Ural Branch of the Russian Academy of Sciences”, Ekaterinburg, Russia

^* Corresponding author: econ@uran.ru

Abstract

The article shows that new industrialisation is a key component of the new economic development model, which has been designed in Russia. The following special characteristics of this process are defined: the synchronisation of the processes of the creation of new hi-tech economic sectors and of the modernisation of traditional ones; coordination of changes in technical and economic sphere and in social and institutional sphere; interactive managerial decisions for the realization of these changes. It is shown that new industrialisation is impossible without the creation of indigenous companies in principally new industrial markets. The new trends of global economy development which will define it in the future according to the new technological wave are described. This allows to specify the strategic vector of the new industrialisation of the Russian economy. Convergent technologies are grounded as the intellectual heart of the hi-tech sector of the Russian economy. The importance of technology transfer and the need of transformation of the system of innovations support are stressed. The industrial policy combines the priority guidelines of the development of the state, regions and municipalities taking into account their resource, science and technology and institutional capabilities. Hence, the industrial policy can be an effective mechanism of the development of hi-tech economic sector.