Abstract
Transition of the Russian economy to an innovation type of development, selected by leaders of the country as a priority one, creates the need of solving number of problems. A key one is the need for large-scale renovation of the economy’s production basis, which can not be implemented without a modern machine building sector. Purpose. To analyze development of machine building complex in theVologda region against the all-Russian background, to identify common trends and challenges of the sector’s development. Methodology. Methods of system and structural analysis, comparison, differences and similarities analysis, deduction and induction were used. Official statistics, as well as the works of prominent scientists in this field, served as an information basis for the study. Results. The author conducted an analysis of basic production assets, growth rates, the financial situation, investments, levels of profitability, staffing and salary levels of employees of machine building sector of the Vologda Region and Russia. The main trends and problems of the sector development were identified. Measures that are able to change the situation were proposed. Practical implications. The research materials could be useful for regional authorities in forming industrial and innovation policy, as well as for all those interested in problems of machine building development. DOI: http://dx.doi.org/10.12731/2218-7405-2013-2-24
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