THE PROSPECTS OF THE RUSSIAN ROCKET AND SPACE INDUSTRY PRODUCTS IN THE WORLD MARKET

A. R. Shiryaeva () and E. A. Rozhanskaia ()

International Trade and Trade Policy, 2020, issue 2

Abstract: Space is not only a place of international cooperation, but also a place for competition. The failures that accompanied the key player in the market, the United States, have recently stimulated NASA's ambitious commercial space program which has enabled a successful partnership with two American companies. This new business model should not only reduce the cost of flights, but also create a basis for further space exploration. In order to create sustainable economic growth in Russia, it seems necessary to develop the whole range of priority areas. One of the most promising is the rocket and space industry. The reasons are the large turnover, experience and unique technological competencies. We believe that Russia will succeed in case it activates internal reserves of a country and wisely uses global market opportunities. Technical and technological development of the rocket and space and related industries will strengthen the state’s position in the world market and will enhance the international competitiveness of Russian enterprises. In this article, authors analyze the current state of the Russian and world space markets, evaluate the performance of RSC «Energia», formulate proposals for modernization of company's activities that will help Russia strengthen and expand its positions among the global players.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:372

DOI: 10.21686/2410-7395-2020-2-88-102

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