6. Yuliya V. Vertakova, Ol’ga N. Grechenyuk

Areas of Government Support for Progressive Structural Changes in Industry Aimed at Achieving the Global Technological Leadership of Russia

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Yuliya V. Vertakova

Head of Department of the Southwest State University (Kursk), Doctor of Economics, Professor

50 let Oktyabrya Str. 94, Kursk, Russian Federation, 305040

Ol’ga N. Grechenyuk

Associate Professor at the Department of the Southwest State University (Kursk), Ph.D. in Economics

50 let Oktyabrya Str. 94, Kursk, Russian Federation, 305040

Nowadays, to enhance competitiveness and for economic growth, achieving global technological leadership is vital for any country. This study examines major factors of innovative technological developments in the Russian economy in the context of international comparisons and assesses the country’s capability of achieving global technological leadership. Equilibrium in the Russian economic structure plays a key role in its technological leadership. This is why it is so important, at the current stage of economic development, to pay close attention to the existing industrial structure, to identify key trends in ongoing structural changes, and to determine key mechanisms for its improvement. This study thoroughly examines existing government support measures relative to progressive structural changes in industry, the implementation of which will make it possible for Russia to achieve global technological leadership in the future.
Aim. This study aims to assess Russia’s capability of achieving global technological leadership as a result of progressive structural changes in industry and to examine governmental support of Russia’s industrial sector.
Tasks. This study analyzes major factors of innovative technological development in the Russian economy compared with the world’s leading countries, identifies countries that are current technological leaders, assesses Russia’s capability of achieving technological leadership, examines the structure of Russian industry and the dynamics of its structural changes, reviews government support measures that are being taken in relation to structural changes in Russian industry, and estimates the efficiency of their implementation.
Materials. Official data provided by the Russian Federal State Statistics Service, the OECD, and the World Bank served as the statistical basis of this study.
Results. The current state of technological development in Russia is analyzed in comparison with the world’s leading countries and Russia’s capability of achieving global technological leadership is assessed. The structure of Russian industry is analyzed, and structural changes over the past few years are reviewed. A series of government support measures in major industrial branches are examined, including those aimed to transition the industry toward the best available technology. The implementation results of these measures are also analyzed.

Keywords: technological leadership, industry, innovative development, structural changes in industry, government support measures

References

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