The Strategic Management of Sustainable Industrial Development in Transition to Industry 4.0

Abstract

Addressing to the problem of transition of the spheres of the Russian Economy to the trajectory of sustainable development can be attributed to the change in the technological structure, which has long-term trends in structural changes, the world dynamics of industrial, technological and innovative development of industries, the consequences of sanctions affecting several systemically important sectors of the Russian Economy, including the processing sector. The paper formulates theoretical and methodological provisions for the formation of institutional mechanisms for the strategic planning of industrial development in Russia, analyzes the existing regulatory framework, and substantiates the key provisions of the dynamic stability of industrial production as a basis for sustainable economic development. The regions with high potential for industrial development have been identified, proposals have been developed for the creation of institutional mechanisms at the federal and regional levels that ensure the sustainable development of industrial production. The use of dynamic modeling tools and OECD techniques has made it possible to develop a forecast for the development of industries for the period 2017–2019. In the last section the conclusions are formulated, in particular, on the expediency in the improvement of economic development programs to assess the risks of their implementation, taking into account regional economic growth factors.