Globalization has transformed the modern economic landscape, with increased integration of countries into a global economic system. The rise of international trade and the Fourth Industrial Revolution have created new opportunities and challenges for high-tech enterprises. To compete with multinational corporations and strengthen their global digital competitiveness, national high-tech enterprises need to enhance their export potential. However, the existing approach to unlocking this potential falls short in accurately forecasting changes and utilizing the advanced capabilities of Industry 4.0. This blog post aims to develop a new approach to disclose the export potential of high-tech enterprises and bridge the global digital divide.
The Concept of Neomercantilism 4.0
The evolution of international trade theory has been influenced by globalization and industrial revolutions. In the context of Industry 4.0, a new concept called neomercantilism 4.0 has emerged. Unlike the previous approaches of early and late mercantilism, neomercantilism 4.0 perceives globalization as an opportunity for economic development. It emphasizes the importance of high-tech exports in the structure of foreign trade and prioritizes strengthening global digital competitiveness. This shift from protectionism to free trade requires a new mechanism for quality management 4.0 that relies on industrial and manufacturing engineering 4.0.
The Determinant of High-Tech Export
While economic growth has traditionally been considered the determinant of high-tech export, the concept of neomercantilism 4.0 suggests that quality 4.0 plays a more significant role. The existing literature supports the idea that the quality of high-tech products influences their export potential. Quality 4.0, characterized by the use of specific technologies such as Big Data, the Internet of Things (IoT), artificial intelligence (AI), and cybersecurity, acts as a determinant of high-tech export. This hypothesis challenges the assumption that high-tech export is solely dependent on economic growth.
Comparing Alternative Mechanisms of Quality Management 4.0
The existing approach to unlocking the export potential of high-tech enterprises relies on digital management information systems. However, this mechanism has several limitations, including the influence of the human factor, subjective quality control, lack of coordination in the corporate information system, and insecurity against cyber threats. An alternative mechanism, industrial and manufacturing engineering 4.0, offers advantages such as AI-driven quality management, objective quality control through automation, a coherent corporate information system, improved marketing communications, and enhanced cybersecurity. Statistical analysis shows that industrial and manufacturing engineering 4.0 contributes more to the disclosure of the export potential of high-tech enterprises compared to digital management information systems.
Prospects for Unlocking the Export Potential of High-Tech Enterprises
To determine the prospects of unlocking the export potential of high-tech enterprises, the study focuses on Russia. By increasing the quality through the improvement of industrial and manufacturing engineering 4.0, Russia can witness significant growth in high-tech exports. The transition to industrial and manufacturing engineering 4.0, coupled with the use of technologies such as Big Data, RFID, and biometrics, can lead to a 56.31% increase in exports of high-tech goods and a 12.36% increase in exports of high-tech services.
Developing a Mechanism for Unlocking the Export Potential
Based on the advantages of industrial and manufacturing engineering 4.0, the authors propose a new mechanism for unlocking the export potential of high-tech enterprises. This mechanism emphasizes automation, the use of AI, the Internet of Things, RFID, and cybersecurity. It replaces the existing approach's reliance on digital management information systems and overcomes its limitations. The proposed mechanism ensures a more complete disclosure of the export potential of high-tech enterprises and strengthens their global digital competitiveness.
Conclusion
The development of a new approach to unlocking the export potential of high-tech enterprises is crucial in the era of globalization and Industry 4.0. The concept of neomercantilism 4.0 highlights the importance of quality 4.0 as a determinant of high-tech export. By adopting industrial and manufacturing engineering 4.0, high-tech enterprises can enhance their quality management practices and improve their global digital competitiveness. The proposed mechanism offers advantages such as automation, AI-driven quality control, a coherent corporate information system, improved marketing communications, and enhanced cybersecurity. Implementing this approach can contribute to reducing the global digital divide and achieving sustainable development goals.
Reference
Nosirov J.T.; Kukaeva L.I.; Hussein B.A.A.; Ustenko V.S. (2023). DISCLOSURE OF THE EXPORT POTENTIAL OF HIGH-TECH ENTERPRISES IN THE CONTEXT OF INDUSTRY 4.0 THROUGH QUALITY MANAGEMENT. Proceedings on Engineering Sciences, 5(S2), 295-310, DOI: 10.24874/PES.SI.02.009.