Abstract
An effective industrial policy in the context of globalization is becoming increasingly possible thanks to the use of a proactive strategy based on the principles of the New knowledge economy. It is not so much import substitution and support for extensive production that comes to the fore, but rather the strengthening of quality potential, primarily in the field of IT, innovation and education as the main sphere of human capital creation. Purpose of this article is to identify the strengths and weaknesses of Russian industrial policy and to show that only a proactive industrial policy can achieve the best results in a modern innovative economy. The authors use research methods such as an analysis of the theoretical aspects of an effective industrial policy of the future using soft power tools based on the concept of economic security, as well as an analysis of Russian experience in this area. This analysis is based on data from statistical indicators of industrial policy and assessment of import substitution coefficients. Based on this, the authors conclude that the success of the import substitution policy directly depends on whether it is an immanent part of economic policy or is carried out solely for political reasons.
Highlights
Import substitution is one of the main problems facing the Russian economy in the "era of sanctions" imposed by a number of Western countries since the beginning of 2014
Let's look at the real state of affairs in the Russian economy and evaluate the contribution of the economic policy of import substitution to real indicators of selfsufficiency
In General, the process of import substitution in Russia was very difficult. he implementation of sanctions showed that the Russian industry is not ready for full self-sufficiency, that provoked the crisis from which the Russian economy emerged only in 2016
Summary
Import substitution is one of the main problems facing the Russian economy in the "era of sanctions" imposed by a number of Western countries (mainly the US, Canada and the EU) since the beginning of 2014. In particular, understands import substitution as a process of “stopping the import of certain goods into the country in connection with the development of domestic production” [6] This means that the problem is considered only within the framework of food security. The main goal is to identify the problems and mistakes of Russian industrial policy, as well as to propose ways to resolve them In this regard, the authors set a number of research tasks, including both the development of an integrated approach to understanding the policy of import substitution, and the identification of effective mechanisms for its implementation, indicating in which industries the implementation of this policy is most effective
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