Evolutionary Aspects of Digitalization in Industrial Policy

Abstract

Purpose: The paper discusses evolutionary basis of the study of digitalization phenomenon in modern economic and industrial policy. The changes arising in the system of production factors are investigated. The main trends related to the use of digital technologies in modern economy sectors are shown.

Design/Methodology/Approach: Conclusions are drawn about the approaches to the choice of industrial policy vectors and the possibilities of digitalization in its context. The necessity of providing the digital economy with internal sources of computer equipment, software, microprocessors supply, as well as ensuring the creation of high-tech industries that create the basis for the digital economy is substantiated.

Findings: The new industrial policy should be based on the automation and computerization of productive forces. The scope of the changes brought about by digitalization confirms the notion of socio-economic evolution.

Originality/Value: It is assumed that a digital representation of the object in the information, material, energy flow change ways of converting enterprise resource into endogenous factors of production, and the nature of their use, which suggests that not only information “digitalizes” but also technological and even human error do. It is proved that the solution of the fundamental problems of neo-industrial policy can provide conditions for the accelerated development of the national economy and for the creation of competitive industries’ new circuits, independent of the world situation.