Russia’s Economy Diversification

V. Faltsman ()

Voprosy Ekonomiki, 2015, issue 5

Abstract: The article studies import substitution potential in a new geopolitical situation for the four most “import-intensive” industries that are characterized with the highest volume of import and negative foreign trade balance: agri-food sector, mechanical engineering, chemicals, transportation services and traveling. Prospects, preconditions and threats for import substitution of certain foodstuffs, tractors, rail cars, trucks, passenger cars, civil aircraft, plastics, tires, transportation services and traveling are analyzed. The import substitution process will be accompanied by diversification of industrial production. Potential reducing of the burden on primary exports due to contraction of imports in certain market niches and filling them with domestic manufacturing goods is assessed.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2015:id:77

DOI: 10.32609/0042-8736-2015-5-48-62

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