Global Economy: Moving from a Standardized to a Non-Standardized Development Model
The world economy has entered a new phase of its development — the destruction of the technological system created after the WWII. The purpose of the article is to argue that the destruction of the standardized economy is the main cause of the most acute problems of the world economy. The common...
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| Language: | English |
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North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
2023-09-01
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| Series: | Управленческое консультирование |
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| Online Access: | https://www.acjournal.ru/jour/article/view/2324 |
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| author | I. V. Boiko |
| author_facet | I. V. Boiko |
| author_sort | I. V. Boiko |
| collection | DOAJ |
| description | The world economy has entered a new phase of its development — the destruction of the technological system created after the WWII. The purpose of the article is to argue that the destruction of the standardized economy is the main cause of the most acute problems of the world economy. The common features of standardized production and economy of scale are investigated. The key role of dual use technologies in the development of a global system of standardized production and a special role of the Chinese economy in the development of the economy of scale, which the country played in the 21th century, are described. The author comes to the conclusion that the cyclical downturn of the world economy is caused mainly by the exposition of the techno-economic model of standardized production, which leads to the aggravation of international economic conflicts and contradictions such as trade wars, global supply chain disruption, disintegration and many others. The destruction of the standardized economy of scale is manifested in the increase in the production and transportation costs, the global inflation growth, the global supply chain disruption. In the study the author applies the methods of empirical research and theoretical cognition. Methodological novelty is presented in the argumentation of the global economic transition from a standardized economy of scale to a non-standardized economy of scope. The business localization, the new trend towards resource saving mode in production, the necessary diversification of industrial production consistent with the specifics of the given locality are just a few among others arguments that testify to this transformation. The article highlights preliminary features of economy of scope, based on the non-standardized technologies, such as heterogeneity, diversification of production, continues technological improvement, compliance with a specific regional comparative advantage in business clustering. |
| format | Article |
| id | doaj-art-dc6fe61e38e64f2aae6dfe7857bfd751 |
| institution | OA Journals |
| issn | 1726-1139 1816-8590 |
| language | English |
| publishDate | 2023-09-01 |
| publisher | North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration |
| record_format | Article |
| series | Управленческое консультирование |
| spelling | doaj-art-dc6fe61e38e64f2aae6dfe7857bfd7512025-08-20T02:01:29ZengNorth-West institute of management of the Russian Presidential Academy of National Economy and Public AdministrationУправленческое консультирование1726-11391816-85902023-09-0108415110.22394/1726-1139-2023-8-41-511852Global Economy: Moving from a Standardized to a Non-Standardized Development ModelI. V. Boiko0Russian Presidential Academy of National Economy and Public Administration (North-West Institute of Management of RANEPA)The world economy has entered a new phase of its development — the destruction of the technological system created after the WWII. The purpose of the article is to argue that the destruction of the standardized economy is the main cause of the most acute problems of the world economy. The common features of standardized production and economy of scale are investigated. The key role of dual use technologies in the development of a global system of standardized production and a special role of the Chinese economy in the development of the economy of scale, which the country played in the 21th century, are described. The author comes to the conclusion that the cyclical downturn of the world economy is caused mainly by the exposition of the techno-economic model of standardized production, which leads to the aggravation of international economic conflicts and contradictions such as trade wars, global supply chain disruption, disintegration and many others. The destruction of the standardized economy of scale is manifested in the increase in the production and transportation costs, the global inflation growth, the global supply chain disruption. In the study the author applies the methods of empirical research and theoretical cognition. Methodological novelty is presented in the argumentation of the global economic transition from a standardized economy of scale to a non-standardized economy of scope. The business localization, the new trend towards resource saving mode in production, the necessary diversification of industrial production consistent with the specifics of the given locality are just a few among others arguments that testify to this transformation. The article highlights preliminary features of economy of scope, based on the non-standardized technologies, such as heterogeneity, diversification of production, continues technological improvement, compliance with a specific regional comparative advantage in business clustering.https://www.acjournal.ru/jour/article/view/2324global economic destructioneconomy of scaleeconomy of scopestandardized productionnon-standardized productiondeglobalizationbusiness localizationbusiness clustering |
| spellingShingle | I. V. Boiko Global Economy: Moving from a Standardized to a Non-Standardized Development Model Управленческое консультирование global economic destruction economy of scale economy of scope standardized production non-standardized production deglobalization business localization business clustering |
| title | Global Economy: Moving from a Standardized to a Non-Standardized Development Model |
| title_full | Global Economy: Moving from a Standardized to a Non-Standardized Development Model |
| title_fullStr | Global Economy: Moving from a Standardized to a Non-Standardized Development Model |
| title_full_unstemmed | Global Economy: Moving from a Standardized to a Non-Standardized Development Model |
| title_short | Global Economy: Moving from a Standardized to a Non-Standardized Development Model |
| title_sort | global economy moving from a standardized to a non standardized development model |
| topic | global economic destruction economy of scale economy of scope standardized production non-standardized production deglobalization business localization business clustering |
| url | https://www.acjournal.ru/jour/article/view/2324 |
| work_keys_str_mv | AT ivboiko globaleconomymovingfromastandardizedtoanonstandardizeddevelopmentmodel |