Evaluation Tool of the Condition of Foreign Economic Relations in Russia and Belarus Within Import Substitution

Abstract

Rationale of the study is determined by the highest role of import substitution in modern economic development of sovereign countries, overriding of external dependence of key economic industries and ensuring national security in terms of unfair policy of developed countries aimed at global dominance. The purpose of the study is to consider the issues of developing efficient guidelines for interstate economic relations aimed at implementation of import substitution policy and improving the methodological foundations of its industrial application. Principal methods of the study are complex and systemic-morphological analysis that allow to reveal systemic and local issues of import substitution, uncover the interrelations and interdependencies of management entities and elements of import-substitution arrangement, and finally obtain the tool to resolve an issue; comparative analysis that makes it possible to discover particular features of solving the issue of development of industrial foreign economic relations and import substitution in relation to factorial terms of different countries. Results of the study: we developed a methodical approach to arrangement of foreign economic activity related to main processes of import substitution at industrial enterprise. We suggested a graphic tool of evaluation and analysis “Import Grid”, “Import Coverage”. Based on the analysis we prepared recommendations in development of efficient foreign economic policy of the country. Also, we added a traditional evaluation tool of country’s import policy with a system of new dynamic indicators enabling to measure the displacement index of the leaders’ structure, import length, import pressure ratio, etc. The materials of the article can be useful for scientists involved in studying issues of economic growth and foreign economic activity, as well as specialists of industrial enterprises manufacturing advanced goods on import substitution.