RANKING OF COUNTRIES BY INDUSTRIAL GROWTH RATE

The author's rating of the countries is analyzed in the article on the basis of indicators characterizing their industry development in the era of transition to a post-industrial economy. Understanding of the processes of the world industry organization can help to find the ways of structural transformation of the Russian economy. A strong secondary sector, primarily the powerful manufacturing industry, is a direct path to economic prosperity in the post-industrial economy. One of the main indicators of the level of social and economic development of the countries are still indicators of the level of industrialization, the features of the functioning of manufacturing industry and the export of industrial products. The author's ranking was carried out in three groups of indicators, which characterized: the level of the country's economic development, the level of manufacturing industry development and the export of industrial products. A matrix of data was developed for 9 indicators, reflecting the level of manufacturing industry development in 117 countries. For each indicator (criterion), the rank of the country was determined (position in the general list from 1 to 117). The first place in each rating table corresponds to the highest value of the indicator, and the last - to the lowest one. To obtain integral indicators, the ranks of countries for each indicator were summed up, and the integral rank was determined. The leaders of the rating list received the least number of points, and outsiders - the maximum. The final rating list of 117 countries was compiled. Based on the analysis of 9 criteria for the manufacturing industry development, the positions of the countries are characterized in the final rating. It was revealed that the leaders in this ranking of modern industrial development are: the Republic of Korea, Ireland, Germany, Switzerland, Singapore, Japan, China, Czech Republic, Malaysia, Sweden. The United States is the 17th, Russia is the 33rd in this rating. The authors are convinced that the data of the rating tables (especially for individual blocks of indicators) should be used as a tool to analyze the problems in the economic and industrial state policies and to develop strategies for achieving sustainable economic growth and progress.

Authors
Publisher
EUROMED PRESS
Language
English
Pages
1145-1159
Status
Published
Year
2018
Organizations
  • 1 RUDN Univ, Peoples Friendship Univ Russia, Reg Econ & Geog Dept, Moscow, Russia
  • 2 RUDN Univ, Peoples Friendship Univ Russia, Fac Econ, Moscow, Russia
Keywords
industry; manufacturing; secondary sector; industrialization; ranking of countries; informatization
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