Aleksei V. Bogoviz

Bio: Aleksei V. Bogoviz is an academic researcher from National Research University – Higher School of Economics. The author has contributed to research in topics: Food security & Entrepreneurship. The author has an hindex of 19, co-authored 148 publications receiving 1343 citations. Previous affiliations of Aleksei V. Bogoviz include Agricultural & Applied Economics Association.

Entrepreneurship and Economic Growth: The Experience of Developed and Developing Countries

Abstract: This chapter elaborates on entrepreneurship in developed and developing countries and focuses on the optimization of entrepreneurial activities. Various scenarios are considered: independent functioning of the market, integration in the form of reorganization (mergers and acquisitions), integration in the form of clustering, and integration in the form of innovational networks and technological parks. The optimal structure of the integration processes and best-case scenarios for its implementation to accelerate the rate and increase the quality of economic growth are substantiated. The potential for uptake of integration processes in stimulating economic growth through entrepreneurship is determined by the level of institutionalization in an economy. In developed countries, all forms of company integration are characterized by the high level of institutionalization, which allows for their effective use for economic growth. Independent companies, mergers, and acquisitions restrain economic growth and reduce its quality, while clusters, technological parks, and innovational networks accelerate the rate of economic growth and increase its quality. In developing countries, integration processes in entrepreneurship have a different influence on economic growth and require further institutionalization.

Industry 4.0 as a New Vector of Growth and Development of Knowledge Economy

Abstract: The purpose of the work is to study the possibilities of formation of Industry 4.0 as a new vector of growth and development of knowledge economy by the example of modern Russia and to develop recommendations for their practical implementation. For this, the method of dynamics (horizontal and trend) analysis of time rows and correlation analysis are used. The indicator of development of knowledge economy is the corresponding index that is prepared by the World Bank. The vectors of growth and development of knowledge economy are share of innovations-active companies in the structure of entrepreneurship, number of developed completely new leading production technologies, and share of high-tech spheres in economy (as the indicator of development of the sphere of science and education) according to the Federal State Statistics Service. The author shows that knowledge economy, which was developing dynamically at the initial stage of its formation, has slowed down. The existing growth vectors—innovational entrepreneurship, high-tech spheres of economy, and the sphere of science and education—have depleted their potential and cannot ensure its further development. It is necessary to look for such vectors, of which the most perspective is Industry 4.0, as formation of Industry 4.0 leads to growth of knowledge economy: innovational development, increase of the values of indicators of socio-economic development of economic system, and increase of the role of intellectual component of economy—the sphere of science and education.

Fundamental Differences of Transition to Industry 4.0 from Previous Industrial Revolutions

Abstract: The purpose of this chapter is to determine fundamental differences of transition to Industry 4.0 from previous industrial revolutions. The methodology includes structural & functional analysis, comparative analysis, induction, deduction, formalization, etc. These methods are used for determining similarities with previous industrial revolutions and peculiarities of the future Fourth Industrial Revolution. The authors prove that transition to Industry 4.0 is a new industrial revolution, which is shown by the attributes that are a sign of all industrial revolutions: change of the type of technological mode as a result of mass implementation of accumulated industrial innovations and systemic transformations in industry, which results in deep changes in logistics and manufactured products. At the same time, the Fourth Industrial Revolution is unprecedented and possesses a whole range of peculiarities, as compared to previous industrial revolutions. It envisages full elimination of human from the production system, ensuring absolute automatization of the production process, simultaneous combination of formation of global industrial networks with elimination of negative social consequences, changes the essence of industrial patents, and creates a possibility for quick change of direction of industrial production’s specialization.

Comparative Analysis of Formation of Industry 4.0 in Developed and Developing Countries

Abstract: The purpose of the article is to perform comparative analysis of formation of Industry 4.0 in developed and developing countries. As peculiarities of formation of Industry 4.0 in developed countries have been studied in this book in the process of studying successful experience of formation of Industry 4.0 in the countries of the world, the authors focus on determining the specifics of formation of Industry 4.0 in developing countries. In order to ensure compatibility of data for developed and developing countries, the similar methods are used—which are based on the authors’ methodological recommendations for monitoring the process of formation of Industry 4.0 in developing countries in 2017 and evaluating effectiveness of Industry 4.0 from the point of view of stimulation of development of knowledge economy in developing countries. During comparison of results of research of the essence and peculiarities of formation of Industry 4.0 in developed and developing countries, the method of comparative analysis is used. For determining the barriers on the path of formation of Industry 4.0 in developing countries, the authors use the method of systemic and problem analysis. For complex study of specifics of formation of Industry 4.0 in developing countries, the objects are the countries that are peculiar for various levels of socio-economic development and belonging to various geographical regions of the world: the South African Republic, China, India, and Brazil. As a result of the research, it is substantiated that the process of formation of Industry 4.0 in developing countries has its peculiarities and is different than in developed countries. As compared to developed countries, in which the process of formation of Industry 4.0 was started earlier and aimed at marketing and social results, developing countries face institutional (absence of state policy of formation of Industry 4.0) and financial barriers and seek economic goals. At the same time, the initiative approach to formation of Industry 4.0 in developing countries, within which the initiators of this process are economic subjects (companies), envisages larger flexibility and effectiveness as compared to the directive approach (state initiative), which is applied in developed countries.

Competing for the Future

Abstract: Everybody knows that digital technology has revolutionized our economy and our lifestyles. But how many of us really understand the drivers behind the technology – the significance of going digital; the miniaturization of electronic devices; the role of venture capital in financing the revolution; the importance of research and development? How many of us understand what it takes to make money from innovative technologies? Should we worry about manufacturing going offshore? What is the role of India and China in the digital economy? Drawing on a lifetime’s experience in the industry, as an engineer, a senior manager, and as a partner in a global venture capital firm, Henry Kressel offers an expert personalized answer to all these questions. He explains how the technology works, why it matters, how it is financed, and what the key lessons are for public policy.

Public–Private Partnerships as a Mechanism of Financing Sustainable Development

Abstract: While the obstacles to supporting sustainable development include financial barriers, the goals of sustainable development are being pursued by separate small-scale and narrow private entrepreneurial initiatives within corporate responsibility and own commercial interests and by strictly limited (due to a deficit of financial resources) and ineffective (due to the inflexibility of management) national initiatives in the public interest. Our working hypothesis is that public–private partnership is a perspective mechanism of financing sustainable development, as it allows for harmonizing private and public interests, unifying entrepreneurial and government investments, and developing highly effective and full-scale implementation of initiatives in the sphere of sustainable development. We substantiate and develop practical recommendations for successful usage of public–private partnership as a mechanism of financing sustainable development. Flexibility and variability of the mechanism of public–private partnership ensures its applicability to any project in the sphere of sustainable development. A proprietary conceptual model of financing sustainable development by public–private partnership offers practical solutions to become a conceptual basis and framework practical guide for application of public–private partnership as a mechanism of financing sustainable development.

Modeling Russian Industrial, Tech, and Financial Cooperation with the Asia-Pacific Region

Abstract: This chapter models industrial, tech, and financial cooperation between Russia and the countries of the Asia-Pacific region. We use several complex methods of economic and mathematical modeling to analyze specific features of such cooperation and determine critical factors in industrial, technological, and financial development. The preferable choice for the Asia-Pacific region is cooperation with Russia, which is ready for an increase in imports of industrial and high-tech products as well as joint industrial innovational entrepreneurship. Investments would lead to synergetic effects, ensuring simultaneous industrial, technological, and financial development.