State Regulation in the Sphere of Industry within 25 Years. Industry of 1990s

The article describes peculiarities of state regulation in the industrial sphere in the Russian Federation within the period of 1991-1999. It gives an analysis of Russian industry condition in 1990s, general economic and legal factors that affected the choice of regulation tools of industrial policy during this period, including the effects of the industrial complex privatization. Here you will find an evaluation of the federal programs in the industrial sphere and other policy papers, adopted with the aim of bringing the industry out of the crisis, including State Industrial Policy Framework of Russia for 1994-1995 and Russian Federation Industrial Policy Guidelines for 1995-1997.The article also analyses an industrial policy tool implemented in 1990s called Financial-Industrial Group (FIG). The state considered the latter instrumental in a competition promotion and, at the same time, insuring stability in the industrial realm. But, lack of the elaboration of the legislation on financial and industrial groups caused many problems with its implementation, in particular: lack of mechanisms for an effective cooperation of financial and industrial capital; the inclusion of insolvent companies in FIG; lack of FIG support tools. In conclusion the author states the absence of complex industrial policy in 1990s. Lack of funding of the adopted industrial legislation implementation was aggravated by practically complete lack of adequate legal regulation. The general fragmentation and inconsistency of the normative regulation of social relations in the 90s, wrought by the inability to regulate new economic relations with the old normative - legal acts, fully manifested itself in the regulation of industrial activities. The proposed instruments of state regulation did not have a clear legal basis and remained without implementation.This article is the first in a series devoted to the analysis of industrial development management over the past 25 years. The overall purpose of this series is the evaluation of the industrial regulation in the Russian Federation and setting the conditions for making a new industrial development strategy of the Russian Federation.