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“New Industrialization” in Russia as a Factor in the Transition to a Green Economy

Author

Listed:
  • Irina P. Dovbiy

    (South Ural State University, Chelyabinsk 454080, Russian Federation)

  • Alexey N. Degterenko

    (International Institute of Design and Service, Chelyabinsk 454014, Russian Federation)

  • Vlada V. Kobilyakova

    (South Ural State University, Chelyabinsk 454080, Russian Federation)

Abstract

The present study reveals the conditions and factors of “new industrialization” in the context of the growing need for Russia to transition to a new, green model of economic growth. It can be assumed that the consequences of the global structural crisis caused by COVID-19 will raise the requirements of environmental standards. The latter can become a powerful tool in the competition between companies and states for resource and sales markets. In Russia, “new industrialization” should become the basis for the greening of the economy, since there are certain prerequisites for this. The authors have investigated various factors, conditions, trends, requirements and features that the new industrialization must meet in order to ensure sustainable development and competitiveness in global markets. In the theoretical aspect, the authors have made a reasoned conclusion about the dialectical unity of the processes of “new industrialization” and greening of the economy. If certain conditions are met – in particular, priority development of the real sector of the economy on the latest technological basis, formation of a new technocratic elite with competencies for the intellectual provision of the “new industrialization” policy, and building up of the intellectual potential of scientists, engineers and technicians pursuing new scientific directions and development of competitive technologies — it will be possible to say that “new industrialization” is a factor of transition to expanded green reproduction of the national economy.

Suggested Citation

  • Irina P. Dovbiy & Alexey N. Degterenko & Vlada V. Kobilyakova, 2020. "“New Industrialization” in Russia as a Factor in the Transition to a Green Economy," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 85-100, August.
  • Handle: RePEc:fru:finjrn:200406:p:85-100
    DOI: 10.31107/2075-1990-2020-4-85-100
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    References listed on IDEAS

    as
    1. Aleksandr Tatarkin & Olga Romanova, 2014. "Industrial policy: genesis, regional features and legislative provision," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 9-21.
    2. Yakova Silin & Yevgeniy Animitsa & Natalya Novikova, 2017. "Regional Aspects of New Industrialization," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 684-696.
    3. Kuznetsov, B. & Simachev, Yu., 2014. "Evolution of State Industrial Policy in Russia," Journal of the New Economic Association, New Economic Association, vol. 22(2), pages 152-178.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    “new industrialization”; best available techniques; sustainable development; green economy; COVID-19; global structural crisis;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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