The Goals of Industrial Policy of the Russian Federation: State Intervention into the Economy as a Factor of Industrialization

Pavel V. Butakov

European Research Studies Journal, 2018, vol. XXI, issue 1, 221-229

Abstract: The article studies the problems of formation and implementation of the state industrial policy of the Russian Federation. The main methods, values and goals underlying the formation of the modern industrial policy of the Russian Federation are emphasized. Under the conditions of deepening risks of economic isolation the issues of achieving economic independence and economic sovereignty are the main factors of the national security. Therefore, a sufficiently high level of autarchy should act as a safety cushion in the face of unfavorable global economic conditions.Based on the current challenges facing the Russian system of state administration it is concluded that in order to carry out re-industrialization it is necessary to conduct a further transition to an active model of industrial policy based on the essential role of state intervention in economic activity. The world experience shows that if a forced development is needed, then a free market system unregulated by the state is not used. The transition from protectionism to the free market is possible only after the development of the national productive forces.The modern economy is a system of management, the effective functioning and innovative development of which is ensured by the state of its infrastructure. Therefore, the implementation of big infrastructural projects is one of the most important elements of the state industrial policy formed in the Russian Federation.

Keywords: Industrial Policy; Economic Development; Industrialization; Import Substitution; National Security; Major Infrastructural Projects. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xx:y:2017:i:3b:p:221-229

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