“New Industrialization” in Russia as a Factor in the Transition to a Green Economy

Irina P. Dovbiy (), Alexey N. Degterenko () and Vlada V. Kobilyakova ()
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Irina P. Dovbiy: South Ural State University, Chelyabinsk 454080, Russian Federation
Alexey N. Degterenko: International Institute of Design and Service, Chelyabinsk 454014, Russian Federation
Vlada V. Kobilyakova: South Ural State University, Chelyabinsk 454080, Russian Federation

Finansovyj žhurnal — Financial Journal, 2020, issue 4, 85-100

Abstract: The present study reveals the conditions and factors of “new industrialization” in the context of the growing need for Russia to transition to a new, green model of economic growth. It can be assumed that the consequences of the global structural crisis caused by COVID-19 will raise the requirements of environmental standards. The latter can become a powerful tool in the competition between companies and states for resource and sales markets. In Russia, “new industrialization” should become the basis for the greening of the economy, since there are certain prerequisites for this. The authors have investigated various factors, conditions, trends, requirements and features that the new industrialization must meet in order to ensure sustainable development and competitiveness in global markets. In the theoretical aspect, the authors have made a reasoned conclusion about the dialectical unity of the processes of “new industrialization” and greening of the economy. If certain conditions are met – in particular, priority development of the real sector of the economy on the latest technological basis, formation of a new technocratic elite with competencies for the intellectual provision of the “new industrialization” policy, and building up of the intellectual potential of scientists, engineers and technicians pursuing new scientific directions and development of competitive technologies — it will be possible to say that “new industrialization” is a factor of transition to expanded green reproduction of the national economy.

Keywords: “new industrialization”; best available techniques; sustainable development; green economy; COVID-19; global structural crisis (search for similar items in EconPapers)
JEL-codes: D02 O14 O44 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:200406:p:85-100

DOI: 10.31107/2075-1990-2020-4-85-100

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