New industrialization stimulates new drivers of economic development

2024-02-08

The Central Economic Work Conference proposed to vigorously promote new industrialization, develop the digital economy, and accelerate the development of artificial intelligence, which pointed out the direction for continuously enhancing the driving force and vitality of promoting new industrialization. Industrialization is the prerequisite and foundation of modernization. Based on the new stage of development, promoting new industrialization can provide new powerful impetus for China's economic development, thereby ensuring the smooth realization of the grand goal of building a strong country and national rejuvenation. Industrialization is a key driving force for economic growth. Before the Industrial Revolution, there was no real economic growth in the world, and per capita output had not significantly increased for thousands of years. After the Industrial Revolution, the application of new technologies and the deepening of division of labor formed a circuitous production mode, promoting the improvement of production efficiency and the continuous increase of world per capita output. Under the promotion of industrialization, human productivity has achieved leapfrog development, and the speed of labor productivity improvement has exceeded population growth, entering the track of promoting economic development through technological progress. Since the establishment of the People's Republic of China, China has established an independent and relatively complete industrial and national economic system on the basis of poverty and poverty. Currently, the scale of the manufacturing industry has steadily ranked first in the world, which is also the result of industrialization. At the beginning of the founding of the People's Republic of China, the economy was very backward, agricultural production efficiency was low, the industrial sector was incomplete, heavy industry was almost zero, and there was only a small amount of light industry. Afterwards, a relatively complete industrial system was gradually established, but the industrial scale remained relatively small. After the reform and opening up, the industrialization process has accelerated, actively undertaking international industrial transfer, participating in global industrial division of labor and cooperation, and transferring labor from the agricultural sector to the industrial sector. The scale and efficiency of industry have grown rapidly, driving the continuous development of agriculture and service industries, and China's economic scale has also rapidly expanded. In 2023, China's GDP exceeded 126 trillion yuan, an increase of 5.2% compared to the previous year at constant prices. Industrialization not only promotes the growth of the total economic output, but also brings about the optimization of economic structure and the improvement of economic efficiency. The process of industrialization can also be seen as the formation of new industries or the innovative application of new production methods. Industrialization will inevitably be accompanied by a large number of innovative activities, including launching new products, adopting new production methods, opening up new markets, obtaining new sources of supply, forming new organizations, etc., thereby bringing about changes in economic structure. At the same time, industrial development also plays a leading role in improving the efficiency of the industrial system, with technological innovation and the use and dissemination of new technologies mainly achieved in the industrial sector. For a country or region, industrialization has no end. To achieve continuous optimization of economic structure and continuous improvement of economic efficiency, it is necessary to rely on the continuous promotion of industrialization. The development of industrialization has phased characteristics, but it has always been a key driving force for economic growth. According to the changes in the proportion of output and employment in the industrial sector, scholars such as Qiannari divide industrialization into quasi industrialization stage, industrialization stage, and post industrialization stage, and believe that with the total demand

Edit:Luo yu    Responsible editor:Wang xiao jing

Source:ECONOMIC DAILY

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