Foreign experience and prospects for the development of import substitution in Russia
Abstract. The article presents some aspects of import substitution development, such as direct indicators of this process, indicators characterizing the intensity and efficiency of investment for import substitution purposes, indirect indicators reflecting current and prospective opportunities for maximizing import substitution processes. The main special institutions influencing the activation and ensuring the efficiency of import substitution are identified, a classification of import substitution types in the modern economy is presented. Foreign experience is considered and ways for Russia and the Samara region are proposed.
Keywords: import substitution, South Korea, Japan, goods and services, security.
Highlights:
- it is proposed to consider not any goods, works or services produced and sold within the framework of the national economic system as objects of the import substitution process, but only those that are characterized by relatively high competitiveness both in the domestic and, potentially, in external (global) industry sales markets;
- as a result of the displacement of imported goods, sold on the basis of the use of predominantly state administrative resources, only domestically produced analogues remain on the domestic market, characterized by a clearly lower level of quality, which, accordingly, are not capable of effectively satisfying consumer demand; such a process is unlikely to be either socially or financially satisfactory, and, in our opinion, it is not entirely correct to consider it as a process of import substitution.
Nikolay A. Ryazanov - Samara State University of Economics, Samara, Russia