New Industrialization and Trends in Modernization of Belarusian Industry

Abstract

A meaningful characteristic of modern industrial production is given and prospects for the modernization of the Belarusian industry through new industrialization are identified in the paper. In this regard, the objectives of the study have been determined: to consider modern concepts of the transformation of economic systems under the influence of technological progress, to substantively characterize the new industrialization, including to describe the technological and organizational features of the new intentional production, to identify its distinctive features, to determine the prospects for using the concept of new industrialization for modernization of the Belarusian industry. The methodological basis was the general scientific methods and principles of сognition, namely: the method of deduction and induction, the method of comparative analysis, historical approach. The author considers the new industrialization as an economic structure that has developed as a result  of the spread of digital technologies in a modern socially-oriented, predominantly market economy. The technological basis  of the new industrial production is cyber-physical production systems that operate through the industrial Internet of things,  the Internet of services and network mechanisms of interaction between all participants in the value added chain. The development of digital production and digital services entails the digitalization of business models. The result is flexible, adaptive, individualized industrial production through the triad of digital production, digital services and digital business models. When modernizing the Belarusian industrial complex, aimed at developing high-tech and knowledge-intensive industrial production and increasing the efficiency of traditional industries through the use of a wide variety of new technologies, the priority should be the comprehensive digitalization of production, services and business models.