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Russia's Industrial Policy: Shifting Towards the New Industrialization

E. Lenchuk
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E. Lenchuk: Institute of Economics, Russian Academy of Science, Moscow, Russia

Journal of the New Economic Association, 2018, vol. 39, issue 3, 138-145

Abstract: The paper considers the growing importance of technology in ensuring the competitiveness of the domestic economy and its sustainable development in the context of the 4th Industrial Revolution. Focus on technological innovations should form a basis for the structural adjustment and revival of the real economy. The implementation of this course coincides with the global trend that today defines the industrial policies of developed countries the new industrialization. In this context, we consider new approaches to the development of the industrial policy in Russia that could allow structural and technological transformation and foster economic growth. The paper explores how right structural and scientific and technological priorities can be established and integrated in the industrial policy framework, and how institutional environment required to support scientific, technological, and industrial development can be created.

Keywords: industrial policy; structural and technological change; new industrialization; innovative development (search for similar items in EconPapers)
JEL-codes: O14 O33 O38 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:nea:journl:y:2018:i:39:p:138-145