Industrial Policy in the Pharmaceutical Industry of the Russian Federation

Промышленная политика в российской фармацевтической отрасли

Manturov, Denis V. (Мантуров, Денис) ()
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Manturov, Denis V. (Мантуров, Денис): Ministry of Industry and Trade of the Russian Federation

Ekonomicheskaya Politika / Economic Policy, 2018, vol. 2, 64-77

Abstract: The article provides an overview of the historical development of industrial policy in the Russian pharmaceutical industry - from the Soviet еrа trends to the current state and the key directions of further development. The goals, objectives and tools of рubliс policy are presented for three distinct periods: the 1990s, 2000-2008 and from 2009 to the present. For the period of the l990s the causes and nature of the indudtry's decline аrе explained, the main failures and losses аrе described. For the years 2000-2008 the paper indicates the mechaпisms of production revival. Thе transitioп to active participatioп of the state iп the development of the industry is addressed. For the period from 2009, the mechanisms of аn active industrial policy are descriЬed and evaluated. lmport substitution in the industry, general industrial policy and technological policy are explained. The paper provides information on key financial support instruments: subsidies, loans from the Industrial Development Fund etc. The key elements of the technological policy are described: support of Ьiotechnologies, development of clusters and technological platforms. Considering the achieved results, key beпchmarks, perspective directions and priorities are proposed for the middle-term and long-term public funding: investments in the creation and modernization of production, demand for domestic products considering the changing consumption structure, and exports of domestic prodнcts against the dynamically changing world markets. It is stated that in 2018 the Government of the Russian Federation is рlanning to adjust its development strategies for the pharmaceutical and medical industries.

Keywords: industrial policy; import substitution; pharmaceutical industry (search for similar items in EconPapers)
JEL-codes: L52 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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