Government Regulation of Russian Industry in the 2010s

Denis Manturov, Gleb Nikitin and Vasily Osmakov

Public administration issues, 2017, issue 1, 50-70

Abstract: The subject of research is the development of industrial policy in Russia from 2010 until now. Basing on the structuring of the main activities related to industrial policy, we identify, describe and explain the main reasons for the actions taken by the government. We explain the layout of the Russian industrial policy at the present stage in terms of the measures and instruments used. The situation in the Russian industry after the acute phase of the global financial crisis in the years of 2008-2009 demanded, on the one hand, the quest for new industrial models, and on the other hand, strengthening the role of the government. Taking 2010 as a starting point of the study, we considered separately measures and activities of 2010-2011 (the overcome of the post-crisis phenomena and the recovery of economic growth), 2012-2014 (stagnation and the search for new points of growth), and from 2015 to the present (the import substitution, effect of the sanctions, the need for a new industrial policy). We submit for discussion the following problems of industrial policy at the present stage: unresolved structural problems of the Russian economy, a small scale of industry support mechanisms, conservation of the current state of inefficient productions. Under these conditions, the creation of a competitive domestic industry is only possible by carrying out institutional reforms (with the formation of a favorable investment environment). The tangible expansion of state support is also needed, with the parallel adjustment of the existing regulatory tools. This article is the last one in a series devoted to the analysis of industrial development management over the past 25 years. The overall purpose of this series is the evaluation of the industrial regulation in the Russian Federation and setting conditions for making a new industrial development strategy of the Russian Federation.

Keywords: industrial policy; government regulation; import substitution; industrial complex in the 2010s; state programs (search for similar items in EconPapers)
Date: 2017
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