Government policy of import substitution as a factor of Russian economy development

Moiseev V.V., Ogneva V.V. and Polyanin A.V.
Additional contact information
Moiseev V.V.: Belgorod State Technological University named after V.G. Shuhov
Ogneva V.V.: Russian Presidential Academy of National Economy and Public Administration
Polyanin A.V.: Russian Presidential Academy of National Economy and Public Administration

Russian Journal of Agricultural and Socio-Economic Sciences, 2016, vol. 58, issue 10, 36-44

Abstract: The article explains that in the difficult economic situation, the output of which is to diversify the Russian economy, the transition from raw to innovative development, including the processes of substitution of technologies and products imported from abroad, an important role belongs to the state policy of import substitution. Attention is drawn to the need to develop theoretical and methodological aspects of the problem of import substitution, such as state regulation of this sphere of economic activity, development of effective criteria for targeted support of import substitution industries, the possibility of adaptation of foreign practices import substitution, etc. It is concluded that economically literate policy of import substitution can be a catalyst for growth of the Russian economy, development of science, to overcome the technical gap, the revival of the investment climate. Concludes that despite numerous difficulties, the policy of import substitution in modern Russia has the real potential associated with the development and implementation of a calibrated strategy of import substitution.

Keywords: ECONOMIC SANCTIONS; TECHNOLOGICAL GAP; IMPORT SUBSTITUTION; INVESTMENT CLIMATE; STRATEGY OF IMPORT SUBSTITUTION (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:scn:031261:16967617

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