Dichotomy of import substitution and cooperation strategies in industry

Abstract

Abstract. This article deals with one of the major issues of Russian economy -with steps towards import substitution in the key Russian industries. The research is aimed to elaborate methodological approach to import substitution in Russian Federation industry. The main methods used in our research are complex analysis and system analysis as they enable us to reveal the system and local problems of import substitution, uncover the relations and interdependence of management subjects and elements of companies in import substituting industries and to develop methodological toolkit for problem-solving. In the article, methodological approach to organizing an import-substituting industry is developed, index of evaluating the competitiveness of import substituting production is introduced based at research of 10 industrial companies. Findings of this article can be useful for scholars interested in foreign trade and for specialists in industrial sector dealing with the production processes based on import substitution.

World Experience Of Production And Business Activity In Special Economic Zones

“…Any national economy, even under sanctions, can achieve a significant multiplier effect from foreign investment in production and business, even in limited-scale areas of the SEZ localization. This seems especially important for economic growth in connection with the growth of modern trade wars, sanctions and other geo-economic restrictions initiated by different countries, and the growth of new centers of economic power in world trade in capital and the projection of their influence (Volkodavova, Zhabin, & Yakovlev, 2016). (Table 01) shows that countries pursue distinctive goals when creating SEZs at different levels of economic development.…”

Model For Coordinating The Interests Of Business Participants In Special Economic Zones

“…This way of modernizing the economy and increasing the inflow of foreign exchange earnings is quite effective, because if a country cannot, for various reasons in global politics and economy, allow or ensure a large influx of foreign capital into its economy, it can achieve a significant multiplier effect from foreign investment, even in the limited territories of the SEZ. This is particularly important due to the growth of sanctions and other geo-economic restrictions, as well as strategic uncertainty in global trade of capital and advanced technologies (Volkodavova et al, 2017).…”

Public-Private Partnership: A Mechanism Of The Russian Export-Oriented Localization Development

“…In modern Russia, with regard to public-private partnership (PPP), active work is carried out at different levels: the federal and regional legislative base is gradually being formed, PPP management bodies and development institutions are being created, PPP forms are being implemented as leases of state and municipal property, mixed enterprises (Budnyk, 2015;Trynov, 2016). However, the main difficulties arise with the most promising forms of PPP, primarily such as concessions and production sharing agreements, which allow to implement strategic investment projects of import substitution (Smirnov & Dudko, 2016;Volkodavova, Zhabin, & Yakovlev, 2016).…”