Industrial Policy in Russia in 2000-2013: Institutional Features and Key Lessons

Abstract

Conceptual and practical issues of the development of industrial policy have attracted, and continue to attract, the attention of experts and politicians. In the 2000s, especially after the world financial crisis, and in the period of remaining uncertainty over further developments, a discussion of best practices, reasons for the failure and the capabilities and features of a new industrial policy became quite popular in both developed and developing countries.

The subject of the formation and implementation of a state industrial policy in Russia has become particularly relevant in recent years as it has become obvious that an innovative model of development is needed. Additional impetus was provided to this theme by the recent discussions at the highest political level of issues related to Russian economic diversification, the increase in high-tech industries and the creation of high flying jobs in both the traditional and new sectors.

In this regard most of the focus of this article is on assessment of the experience in industrial policy implementation in Russia, and a determination of the key lessons including an analysis of two examples of industrial policy – the nano-industry and the automotive industry

Keywords: industrial policy, Russian economy, economic development

JEL Classification: L52, O14, E65