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Regional Economics: Theory and Practice
 

U.S. and China: The world's high-tech industry pre-eminent powers. A comparative analysis of positions

Vol. 19, Iss. 3, MARCH 2021

Received: 4 February 2021

Received in revised form: 14 February 2021

Accepted: 21 February 2021

Available online: 15 March 2021

Subject Heading: SPATIAL ECONOMICS

JEL Classification: O33, O51, O53, O57

Pages: 400–428

https://doi.org/10.24891/re.19.3.400

Irina A. RODIONOVA Peoples' Friendship University of Russia (RUDN University), Moscow, Russian Federation
iarodionova@mail.ru

https://orcid.org/0000-0002-7082-3809

Aleksandra A. UGRYUMOVA All-Russia Research Institute of Irrigation and Agricultural Water Supply Systems “Raduga”, Kolomna, Moscow Oblast, Russian Federation
feminaa@mail.ru

https://orcid.org/0000-0002-4549-0117

Subject. This article deals with the issues related to industrialization and spatial realignment of forces in the world industry architecture at the regional and global levels.
Objectives. The article aims to describe the processes in the modern manufacturing industry and show the growth of China's share in the global production and export of knowledge-intensive and high-tech industry products in comparison with the indicators of the United States, the previous world industry leader.
Methods. For the study, we used a comparative analysis.
Results. The article compares the changes in industrial development indicators of the United States and China since the beginning of the 21st century and defines the positions of these countries in the development of knowledge-intensive and high-tech goods and services.
Conclusions. China came out on top in the world concerning the export of all groups of high-tech goods and services. It is also the leader in global production and exports of medium- and high-tech products. China is slightly inferior to the United States in the production of high-tech industry products with the most intensive use of engineering development.

Keywords: global industry, manufacturing, knowledge-based and high-tech manufacturing, structural changes, R&D

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