Advanced Manufacturing (AM) markets are a major factor of contemporary worldwide growth that to a large extent determines countries’ competitiveness. Strengthening and/or optimizing the positions on AM markets is among the major challenges for modern industrial policy. This article discusses the structure and dynamics of the development of advanced manufacturing markets, as well as the specifics of the policies of the countries strengthening their positions in these markets. Gaining entry into AM markets currently implies individual countries’ and industries’ adopting different models which combine a wide range of factors. Small nations are rapidly applying such approaches, gaining advantages and thus increasing their competitive edge, which creates certain challenges for leading high-tech countries too slow to adjust their industrial policies. So far the basis for Industry 4.0 markets is just emerging, and remains limited to a few nations including developing ones. Country cases are presented below to illustrate the development of AM markets. The authors conclude that in the current context, no universal approaches to shaping a successful industrial policy remain. The most productive strategy is to combine the unique advantages of a particular economy.
The retail and wholesale sector has been hit hard by the coronavirus pandemic, leading to a major sector transformation. In this study, we analyse the factors of firm-level e-commerce adoption and expansion in response to the COVID-19 pandemic and pay special attention to the regional level determinants of e-commerce. We use the data provided by the EBRD-EIB-WB Enterprise Survey that includes about 18,000 observations for firms in Central and Eastern Europe (CEE) and Central Asia (CA) and approximately 1000 observations in Russia. We use the probit and weighted probit estimation techniques. Our central hypothesis states that while large cities are usually seen as drivers of the expansion of e-commerce, lagging regions are catching up with the leading regions in the adoption of e-commerce. The study shows that firms in regions with lower levels of e-commerce before COVID-19 and firms in large cities were more likely to adopt e-commerce during the pandemic, which evidences a convergence in e-commerce between Russian regions. In contrast to the firms in CEE and CA countries, export market orientation and supply chain signals do not foster e-commerce adoption in Russia. This can be explained by weak development of subcontracting networks and low participation of small and medium-sized firms in cooperative relationships in Russia. Regarding policy implications, we argue that policy measures should focus on the distribution of low-cost solutions aiming to decrease entry barriers, liberalise domestic markets for entrance of foreign platforms in Russia, and support the development of domestic platforms.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.