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The Goals of Industrial Policy of the Russian Federation: State Intervention into the Economy as a Factor of Industrialization

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  • Pavel V. Butakov

Abstract

The article studies the problems of formation and implementation of the state industrial policy of the Russian Federation. The main methods, values and goals underlying the formation of the modern industrial policy of the Russian Federation are emphasized. Under the conditions of deepening risks of economic isolation the issues of achieving economic independence and economic sovereignty are the main factors of the national security. Therefore, a sufficiently high level of autarchy should act as a safety cushion in the face of unfavorable global economic conditions.Based on the current challenges facing the Russian system of state administration it is concluded that in order to carry out re-industrialization it is necessary to conduct a further transition to an active model of industrial policy based on the essential role of state intervention in economic activity. The world experience shows that if a forced development is needed, then a free market system unregulated by the state is not used. The transition from protectionism to the free market is possible only after the development of the national productive forces.The modern economy is a system of management, the effective functioning and innovative development of which is ensured by the state of its infrastructure. Therefore, the implementation of big infrastructural projects is one of the most important elements of the state industrial policy formed in the Russian Federation.

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  • Pavel V. Butakov, 2018. "The Goals of Industrial Policy of the Russian Federation: State Intervention into the Economy as a Factor of Industrialization," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 221-229.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:221-229
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    References listed on IDEAS

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    1. T.V. Shatkovskaya & N.G. Romanenko & Y.A. Naumenko & E.A. Parshina, 2017. "The Problem of Individualization of Legal Entities in Terms of Innovative Development of the Russian Federation and the European Union Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 162-171.
    2. Hayek, F. A., 2012. "Hayek on Hayek," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226321202 edited by Kresge, Stephen & Wenar, Leif, December.
    3. V.M. Dzhukha & A.N. Kokin & A.S. Li & T.Yu. Sinyuk, 2017. "Research and Development Intensity in Business: Russia and EU," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 64-76.
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