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Institutional modernization of economic development strategy in the conditions of coercion to import substitution

Institutional modernization of economic development strategy in the conditions of coercion to import substitution

Journal of Economic Regulation, , Vol. 5 (no. 3),
p. 6-13

The author analyzes the institutional conditions for achieving the effective enforcement strategy of import substitution, determined by rupture of economic communications with Ukraine, economic sanctions by the West against Russia and a number of retaliatory ban on importing food products. The necessity of institutional design within radical transformation of economic policy towards import substitution is proved, new institutes of import substitution effective strategy are offered.


Keywords: reindustrialization; import-substitution; institutional conditions of import-substitution; import-substitution institutions; change of economic policy vector; new strategy of economic development

References:
Publisher: Ltd. "Humanitarian perspectives"
Founder: Southern Federal University
ISSN: 2078-5429