Competitiveness, Sustainable Development and Import Substitution Problems in the Russian Federation
Competitiveness, Sustainable Development and Import Substitution Problems in the Russian Federation

Summary/Abstract: The article deals with the critical analysis of the scholars’ works in the field of import substitution, substantiating the necessity of its orientation towards the international market. The export and import commodity structure of the Russian Federation which characterizes the increasing dependence of the country on mineral resources sales and technological equipment import is studied. The authors analyze and make adequate conclusions about the correlation between financial resources obtained through the windfall from sales of oil as the main export product of the Russian economy and the development of its own innovative import-substituting production. The principal scheme of innovative import substitution process has been developed by the researchers, its stages have been analyzed and the most problematic areas in its implementation have been singled out. Based on the analysis of empirical data obtained by the survey of target groups, the identification of factors has been provided and their significance in the import substitution potential of the region has been determined; the algorithm for the region import substitution capacity assessment has been developed.

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