ANALYSIS OF FOREIGN EXPERIENCE IN THE IMPLEMENTATION OF IMPORT SUBSTITUTION POLICY AND MANAGEMENT
Lyudmila P. Goncharenko, Grigory G. Korsakov
Plekhanov Russian University of Economics, Moscow, Russian Federation
Keywords: import substitution, management, foreign experience, import substitution methods, import substitution management, economic methods, protectionism
Abstract
The import substitution model is not new for our country, the first practices were carried out in Soviet times. Nowadays, there is a tendency to restrict export-import relations. Protective measures are being introduced that break down existing logistics chains, which increases the risks of entire industries in the Russian Federation by a multiple. Directly, the problem of import substitution has become very acute for the Russian Federation in the light of unprecedented sanctions pressure from Western countries, which has been observed since the beginning of 2022. However, many countries in one way or another faced the need to introduce import substitution policy tools. Therefore, in order to respond in a timely manner to the external challenges facing our country, it is necessary to analyze foreign experience in localization of production. This article is devoted to the consideration of import substitution practices of different countries in order to establish positive and negative mechanisms for the implementation of import substitution policy. The purpose of this study is to identify mechanisms that can ensure the effectiveness of industrial development programs.
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