Tertiarization and reindustrialization as structural components of post-industrial development

Abstract

This article presents the results of a study of service and industrial structural shifts in the context of the formation of a post-industrial economy. The theoretical part of the study is represented by an examination of the concepts characterizing the corresponding intersectoral shifts, which made it possible to clarify the interpretation of their content and distinguish them from related concepts. Contradictions between tertiaryization and reindustrialization, as well as the factors determining the choice of priority between them, are revealed. In the empirical part, the study was conducted at the global and country levels in order to establish the possibility of coexistence of the structural processes under study. Over the 9-year period of consideration, no statistically recorded signs of tertiaryization and reindustrialization were found in the global economy. However, among the group of the largest national economies that have embarked on the path of postindustrial development, an increase in the share of the service sector occurred in all countries, and the industrial sector in half of the countries. Globally, the presence of tertiaryization was recorded in countries with an income per capita above the average and in low-income countries, while reindustrialization was recorded in countries with a lower-middle income.