Wednesday, November 14, 2018

Dual Track to Global Industrial Developmentalism

The Byproducts Economy Framework (BEF) offers a new paradigm for industrial production, emphasizing the value of byproducts and their potential to drive economic growth and sustainability. ByProducts Economy (+BP Money), in conjunction with the "dual track" for 21st-century global industrial development, addresses the economic imperatives of production and consumption, particularly in the context of De-Industrialization Heritagization and prospects for a post-scarcity world.

Contents:
  1. Dual Track to 21st Century Industrial Development
  2. Post-Political Shift
  3. Post-Structural Shift
  4. ByProducts Economy (+BP Money) intermediates Ethno-Industrial Development
  5. ByProducts Economy Framework and the Dual Track to 21st Century Global Industrial Development
  6. Related Articles
  7. External Weblinks

Dual Track to 21st Century Industrial Development

This framework argues for parallel paths to ethno-industrial development in the 21st century:
  • Post-Political Shift: Focuses on adapting to the socio-economic changes brought about by de-industrialization in developed economies.
  • Post-Structural Shift: Anticipates and prepares for a future characterized by post-scarcity and abundance driven by technological advancements.

Post-Political Shift

This track addresses the transition from traditional manufacturing-based economies to knowledge-based and service-oriented economies. Key aspects include:
  • Heritagization: Preserving and repurposing industrial heritage sites and infrastructure for cultural, educational, or recreational purposes. This creates new economic opportunities in tourism, heritage management, and creative industries.
  • De-industrial Heritagization: Specifically addressing the decline of traditional manufacturing industries. This involves repurposing former industrial sites, creating new employment, and retraining the workforce for new roles in the new economy.
  • Joint Production and Lean Manufacturing: Optimizing existing industrial processes to maximize efficiency and minimize waste. This includes embracing lean manufacturing principles and exploring opportunities for joint production, where multiple products are generated from the same process.

Post-Structural Shift

This track focuses on preparing for a potential future of post-scarcity, where technological advancements and automation lead to abundance and the potential for significant societal changes. Key aspects include:
  • Post-Scarcity (Abundance, Post-Material): The foreseeable future where basic needs and many desires are readily met for all, potentially leading to a shift in values and priorities away from material consumption.
  • Materials Cycle and Green Manufacturing: Developing closed-loop systems for resource utilization, minimizing waste, and reducing environmental impact. This involves embracing green manufacturing practices and optimizing the entire materials cycle, from raw material extraction to product end-of-life.

ByProducts Economy (+BP Money) intermediates Ethno-Industrial Development

The Byproducts Economy Framework serves as a bridge between these two tracks. By emphasizing the value of byproducts and promoting their utilization, the ByProducts Economy Framework:
  • Supports De-industrial Heritagization: Creates new economic opportunities by transforming industrial byproducts into valuable resources, contributing to job creation, valorization of heritage, and the revitalization of former industrial regions.
  • Prepares for Post-Scarcity: Promotes resource efficiency and sustainable production practices, essential for minimizing environmental impact in a world of abundant consumption.

ByProducts Economy Framework and the Dual Track to 21st Century Global Industrial Development

The Byproducts Economy Framework, in the context of the dual track to 21st-century global industrial development, offers a comprehensive approach to navigating the complexities of the changing economic landscape. By embracing both the challenges of De-Industrialization Heritagization and the opportunities of post-scarcity, this framework can contribute to a more sustainable, prosperous, and equitable future.


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