Import substitution as the most important strategic target of the state

O.N. Bykova, A.P. Garnov, V.L. Abramov, D.E. Morkovkin and I.O. Protsenko

International Journal of Services and Operations Management, 2023, vol. 44, issue 4, 561-570

Abstract: The interim analysis of the import substitution policy applied to the food industry shows that the food embargo policy is the key contributor to pursuing the targets. However, in addition to the positive results, the imposition of the food embargo also had such negative consequences as rising consumer prices. The authors use system-functional approach, abstract-logical method, statistical-probabilistic method and monographic study method in this paper. The analysis of the food industry market reveals a number of problematic issues that should be resolved in the coming years, such as the design of instruments to stimulate demand in the national and foreign markets, the export of domestic products to Asian markets, the solution of issues related to shipment and storage through the introduction of new logistics systems, solving the issues of staffing through the training of specialists who are versed in sanctions, possible restrictions and risks.

Keywords: economics; food industry; food security; production; substitution program. (search for similar items in EconPapers)
Date: 2023
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