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Russia's Industrial Policy: Shifting Towards the New Industrialization

Author

Listed:
  • Lenchuk, E.

    (Institute of Economics, Russian Academy of Science, Moscow, Russia)

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.

Suggested Citation

  • Lenchuk, E., 2018. "Russia's Industrial Policy: Shifting Towards the New Industrialization," Journal of the New Economic Association, New Economic Association, vol. 39(3), pages 138-145.
    • Handle: RePEc:nea:journl:y:2018:i:39:p:138-145
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    References listed on IDEAS

    as
    1. Polterovich, V., 2015. "On the Formation of National Planning System in Russia," Journal of the New Economic Association, New Economic Association, vol. 26(2), pages 237-242.
    2. V. Osmakov & A. Kalinin., 2017. "On the strategy for industrial development of Russia," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5.
    3. G. I. Idrisov & V. N. Knyaginin & A. L. Kudrin & E. S. Rozhkova., 2018. "New technological revolution: Challenges and opportunities for Russia," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
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    More about this item

    Keywords

    industrial policy; structural and technological change; new industrialization; innovative development;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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