Abstract

This study proves the necessity of shifting an economy away from development that focuses on raw materialsand of policies for import substitution. The typology of strategies for import substitution is suggested. Factors influencing the effectiveness of the strategy of import substitution are revealed. A mechanism for controlling the efficiency of the import substitution strategy is proposed.To assess the level of development of foreign economic cooperation, a system of analytical indicators is proposed. Based on the assessment of the level of foreign economic activity (based on traditional and introduced indicators), the comparative, potential advantages of Russia are revealed.The import grid of the profitability of trade partners is proposed based on the testing of data on the countries of the Eurasian Economic Union. The differentiation of trade partners on the profitability of participation in foreign economic cooperation was carried out.Econometric models for studying the dynamics of Russia's foreign trade turnover have been developed with the aim of forecasting its level and the possibility of promptly adjusting the country's economic development strategy.

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