IMPORT SUBSTITUTION IN RUSSIA’S MANUFACTURING INDUSTRY: A WEAK EFFECT

Andrey Kaukin and Pavel Pavlov

Russian Economic Development, 2016, issue 3, 58-61

Abstract: Russia’s import substitution policy has so far failed to have an across-theboard effect. Only a few industries, such as manufacture of metals, textiles, motor vehicles, have managed to replace some of the imported goods with domestically manufactured products. Russia’s economy continues to be heavily depending on imports, including machinery and equipment. Most of the Russian manufacturing sectors are poorly integrated into international valueadded chains, which limits their production volume growth.

Keywords: MANUFACTURING INDUSTRY; Russian Economy (search for similar items in EconPapers)
Date: 2016
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