Authors: M. Cehlar

Title of the article: The structural role of convergent technologies in the modern economy

Year: 2019, Issue: 3, Pages: 24-31

Branch of knowledge: 08.00.01 Economic Theory

Index UDK: 330.341.1

DOI: 10.26730/2587-5574-2019-3-24-31

Abstract: Technological convergence – the result of accelerating scientific and technological progress in the 21st century – has a transformative effect on the economies of developed countries, forming a new type of sectorial genesis. It is not related to the deepening of sectorial specialization or inter-industry cooperation within the framework of the evolution of basic technologies, but to the emergence of technologies of a fundamentally new type, formed as a result of the merger of know-how from different industries. As a result, convergent technologies form their own field of economic interests and economic relations, set guidelines for the development of the institutional environment, redistributing investment and human potential, "drawing" a new map of allocation of productive forces on a global scale. Massive capital outflows in intangible industries, the forthcoming modernization of industry based on nano-, bio-, information technologies merging into a single complex, the estrangement from national innovative clusters and the transition to the global network clustering are all radically changing the structural proportions of the economy. The structural shifts arising from technological convergence do not have the historical analogues and forms of regulation developed by industrial policies of developed countries. The article outlines the key principles and conditions for the impact of convergent technologies on the structure of economy.

Key words: convergent technologies innovations economy structural shift

Receiving date: 05.09.2019

Publication date: 25.12.2019

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