Directions of improving industrial policy in Russia

2021 ◽  
pp. 82-88
Author(s):  
Keyword(s):  
Industrial Policy ◽  
Global Economy ◽  
Manufacturing Industry ◽  
Development Program ◽  
Domestic Market ◽  
Government Support ◽  
High Tech ◽  
Production Structure ◽  
Production Chain ◽  
Intersectoral Cooperation

The correspondence of the current concept of industrial policy of Russia and the tools for its implementation to the solution of the strategic task — the full provision of the needs of the state and the population with industrial goods in the context of the recession of the world economy is considered. It is shown, that government support for the manufacturing industry is not aimed at creating conditions for the accelerated development of the high-tech sector, and the inconsistency of its production structure with the structure of the domestic market for industrial goods in Russia limits the economic effectiveness of domestic production. Prospective directions of government support for the development of the manufacturing industry are substantiated. Keywords: global economy, production chain, management company, government support, intersectoral cooperation, domestic market, manufactured goods, development program, tools, high-tech segment. [email protected]

scholarly journals Industrial Policy Strategy: A Case of Changing National Priorities in Russia

2020 ◽  
Vol 17 ◽  
Keyword(s):  
Industrial Policy ◽  
Manufacturing Industry ◽  
Developing Economies ◽  
Oil And Gas Industry ◽  
Developed Countries ◽  
Digital Economy ◽  
High Tech ◽  
Industrial Complex ◽  
Industrial Transformation ◽  
Industrial Enterprises

New technology trends, mainly related to the development of Industry 4.0 and the digital economy, have created significant prerequisites for changing the priorities of industrial policy. This topic is particularly relevant for countries with economies in transition or developing economies, including Russia. The accumulated structural gap, expressed in the level of industries' digitalization, indicates a low willingness of industrial enterprises to introduce digital and related advanced technologies. The data obtained show that this gap is especially pronounced (more than 50% of the average for the EU countries) in the manufacturing industry, oil and gas industry, and transport. In mining, this gap approaches 70%. These circumstances predetermined the need to identify the strategic vector of Russian industrial policy against the background of the developing modern technologies that predetermine the adjustment of industrial policy priorities. To assess the potential of industrial transformation, the authors conducted a comparative analysis of changed targets for the formation of industrial policy in the developed countries and Russia. The analysis showed a sharp evolution in the priorities of industrial policy in Russia – those changed six times during the period from 2014 through 2019. The strategic policy focus has shifted from supporting projects in the production of high-tech civilian and/or dual-use products by enterprises of the military-industrial complex and the transition of enterprises to the best available technologies to supporting the digital economy and artificial intelligence technologies. Based on the results, the researchers suggested the development of industrial policy instruments adapted to the new priorities.

scholarly journals Industrial Policy As The European Union Competitiveness Factor On The Global Market

2014 ◽  
Vol 52 (3) ◽  
pp. 297-312
Author(s):  
Gorica Bošković ◽  
Ana Stojković
Keyword(s):  
European Union ◽  
Industrial Policy ◽  
Global Economy ◽  
Global Market ◽  
Political Community ◽  
European Countries ◽  
Political Crisis ◽  
High Tech ◽  
The European Union ◽  
The Eu

Abstract The union of the most developed European countries and their heavy industry based economies after the World War II, seemed like the only answer to USA’s and Japan’s powerful economies. At the same time, it was the only chance for Europe to become competitive in the global market. That was achieved through various forms of economic communities, formed in Europe in the second half of XX century. Since the 1992. Maastricht Treaty, they are known as the European Union. European Union industrial policy had the same priorities since the very beginning – to make Europe the leader of global economy, through investments in knowledge and high-tech inovation. However, that still hasn’t happened and considering all the economical and political crisis shaking the Union lately, chances are it can hardly happen at all. Reasons are numerous and different, both inside and outside the Union. The implicit question being posed here is have the most developed world countries and their economies reached their peak and can the EU achieve further growth on the supersaturated global market? This paper investigates the role of industrial policy as one of the key factors for solution to many problems in the past as well as in the future of the EU, which would make this economic and political community of European countries much more competitive on the global market.

St. Petersburg industrial policy: Determining the factors of structural changes in industry through Shift-Share Analysis

2020 ◽  
Vol 18 (5) ◽  
pp. 909-939
Author(s):  
M.V. Dement'ev
Keyword(s):  
Industrial Policy ◽  
Structural Transformation ◽  
Mechanical Engineering ◽  
Manufacturing Industry ◽  
Structural Changes ◽  
Analysis Method ◽  
Factor Analyses ◽  
Further Development ◽  
Positive Results

Subject. This article examines the theoretical and practical aspects of the implementation of industrial policy and the structural transformation of the manufacturing industry in St. Petersburg. Objectives. The article aims to justify the priority of the industry-based approach to industrial policy in St. Petersburg and determine its effectiveness by highlighting the factors of structural transformation of the city's manufacturing industry using the Shift-Share Analysis method. Methods. For the study, I used logical, statistical, and factor analyses. Results. Based on shift-share analysis, the study highlights positive results of industrial policy in the development of certain industries in St. Petersburg, as well as those industries that require further development of urban industrial policy. Conclusions. Despite the fact that the industry of St. Petersburg as a whole has become more stable, problems in the development of mechanical engineering and production of computers, electronic and optical products have not yet been solved.

Technological Change in Turkish Manufacturing Industry: The Case of Gaziantep City

2017 ◽  
Vol 6 (1) ◽  
pp. 77
Author(s):  
Mehmet Ragıp KALELİOGLU
Keyword(s):  
Technological Change ◽  
Global Economy ◽  
Manufacturing Industry ◽  
New Technologies ◽  
Work Force ◽  
Technological Transformation ◽  
Technological Infrastructure ◽  
Technological Level ◽  
Considerable Work ◽  
Key Indicators

:Ensuring competition in global economy, the production of high value products within the country and the reduction of current budget deficit; in other words, increasing the output of industries manufacturing intermediate goods and end products, which have high import dependency, are major targets of Turkey. The state of technological infrastructure of manufacturing industry in the country as well as the process of change that the industry undergoes are essential for the realization of these targets. New technologies play an important role in the competitiveness and economic development of cities, region and the country in the international market. In particular, the use of new technologies in manufacturing industry and companies’ capacity for innovation are prerequisites for businesses to enter a tougher competition in the global economy as well as for cities and countries to persevere on the larger scale. In this respect, the main purpose of this study is to examine the technological transformation of the manufacturing industry in Gaziantep, which is positioned in the top five among Turkey's exports and employs a considerable work force, in comparison to the technological change experienced by the manufacturing industry in Turkey. In the study, the technological level of manufacturing industry in Turkey and the technological change process of manufacturing industry in Gaziantep are presented between 2009-2016 with key indicators. The findings of this study reveal that the current level of technology the city of Gaziantep manufacturing industry has had is far behind the level Turkish manufacturing industry has reached.

Artificial Intelligence as a Technological Innovation to Accelerate Economic Development

2019 ◽  
Vol 12 (3) ◽  
pp. 125-133
Author(s):  
S. V. Shchurina ◽  
A. S. Danilov
Keyword(s):  
Artificial Intelligence ◽  
Economic Development ◽  
Technological Innovation ◽  
Manufacturing Industry ◽  
New Technologies ◽  
Retail Trade ◽  
High Tech ◽  
Industrial Complex ◽  
Technological Gap ◽  
The Government

The subject of the research is the introduction of artificial intelligence as a technological innovation into the Russian economic development. The relevance of the problem is due to the fact that the Russian market of artificial intelligence is still in the infancy and the necessity to bridge the current technological gap between Russia and the leading economies of the world is coming to the forefront. The financial sector, the manufacturing industry and the retail trade are the drivers of the artificial intelligence development. However, company managers in Russia are not prepared for the practical application of expensive artificial intelligence technologies. Under these circumstances, the challenge is to develop measures to support high-tech projects of small and medium-sized businesses, given that the technological innovation considered can accelerate the development of the Russian economy in the energy sector fully or partially controlled by the government as well as in the military-industrial complex and the judicial system.The purposes of the research were to examine the current state of technological innovations in the field of artificial intelligence in the leading countries and Russia and develop proposals for improving the AI application in the Russian practices.The paper concludes that the artificial intelligence is a breakthrough technology with a great application potential. Active promotion of the artificial intelligence in companies significantly increases their efficiency, competitiveness, develops industry markets, stimulates introduction of new technologies, improves product quality and scales up manufacturing. In general, the artificial intelligence gives a new impetus to the development of Russia and facilitates its entry into the five largest world’s economies.

scholarly journals The Role of Internal Control in Firms’ Coping with the Impact of the COVID-19 Pandemic: Evidence from China

2021 ◽  
Vol 13 (11) ◽  
pp. 6294
Author(s):  
Peiqing Zhu ◽  
Jianbo Song
Keyword(s):  
Internal Control ◽  
Manufacturing Industry ◽  
Firm Heterogeneity ◽  
Negative Impact ◽  
Risk Prevention ◽  
High Tech ◽  
Obvious Effect ◽  
The Difference ◽  
The Impact

Internal control plays a role in risk prevention for firms when dealing with serious emergencies, which ensures the sustainable development of firms during a crisis. Based on the rapid outbreak of COVID-19 in China, this paper empirically tests whether internal control alleviates the negative impact of the pandemic on firm performance. Using a sample of Chinese listed firms from the first quarter of 2019 to the third quarter of 2020 and employing the difference-in-difference (DID) method, we find that the firms with a higher quality of internal control achieve better financial performance during the pandemic period; the more serious the pandemic is, the more obvious effect internal control plays. Furthermore, we consider the industry heterogeneity and firm heterogeneity of the risk resistance effect of internal control. In the manufacturing industry, which is a “disaster zone” of the pandemic, and the non-high-tech industry with a low degree of digitization, internal control can play a more important role in firms’ performance. Moreover, for state-owned enterprises, and firms with strong financing constraints, the role of internal control is more prominent. The above results provide empirical evidence for the risk prevention function of internal control and shed new light on the measures for firms to resist emergencies in the future.

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

Venture Funders — Are They the Solution?

1998 ◽  
Vol 12 (2) ◽  
pp. 77-83
Author(s):  
Paul M. Kelley
Keyword(s):  
Small Business ◽  
Birth Rate ◽  
Fast Track ◽  
Government Support ◽  
High Tech ◽  
Investment Company ◽  
Business Investment ◽  
The Us ◽  
Us Government ◽  
Financial Climate

The author briefly describes what venture funders do and how they do it to illuminate the process of high-tech business formation and development. By way of illumination, he gives two short histories of successful university spin-outs that his company, Zero Stage Capital, has helped launch. He then examines how this firm's knowledge and experience may apply in the context of the Scottish university and financial climate, and bearing in mind the goals of Scotland's Technology Ventures strategy. Finally, he discusses the US government support initiatives for small business, the Small Business Investment Company (SBIC) Program. He suggests an approach for its application in increasing the birth-rate of fast-track technology-based ventures in Scotland or in other countries that have the infrastructure to support and enhance the process.

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