Economic Security Provision Models of National Industrial Development (Case Study of Russia, Post-Soviet Countries and English-Speaking Countries of G-20)

Abstract

The main scientific aim of this work lies in improvement of the existing scientific positions in the sphere of industrial development economic security provision on the national level. The existence of two economic security provision models of industrial development that are applied in the countries of Community of independent states and in English-speaking countries of G-20 was grounded. The key features and characteristics of these models functioning. Design/methodology/approach were revealed: The work is based on the complex use of a number of methods of scientific research, including methods of analysis and abstraction, historical and logical approaches, methods of deduction and induction; graphic and statistical methods, as well as the system method. Scientific works of leading Russian economists in the field of the research, as well as the data of official statistics of Russia, Ukraine, Belarus, Kazakhstan, the USA, Canada, Australia, the UK, Saudi Arabia were used as an information base of the study. Findings: the study was based on the hypothesis of the similarity of the economic security provision models of industrial development of Russia and other countries of Community of independent states, as well as on the significant difference between this model and the analogues of developed foreign countries. Research limitations/implications: this research is limited by the papers indexed in the Scopus database and presenting a systematic literature review. Originality/value: it was proved that economic growth in foreign countries is largely determined by long-term investment, the main directions of which are research and development, education, healthcare, infrastructure development and etc. Deserves attention and that the raw share in the gross production fund of the developed countries is comparable with the corresponding figures in Russia. A comparative study of monetary policy of Community of independent states countries and G-20 countries was carried out. Impact of monetary policy of the researched group of countries on the investment process and industrial growth and development in the long term was determined