Importance The article analyzes trends in export/import of food and industrial products, methods to unleash economic growth through the import substitution policy, and impediments. Objectives The research examines mechanisms for effective import substitution in the AIC and industrial sector, determines points of growth and stagnation and impediments to Russia’s independence from imported goods. Methods The article represents qualitative comparative analysis of export and import trends in the AIC and industrial sector, and industrial dependence since 2000. Results The research provides the rationale for a definitely export-based model of economic growth. We analyzed the current real sector of economy, illustrating the AIC and industrial sector, identified the sectors that depended on import, and impediments to import substitution processes. Conclusions and Relevance The import substitution concept in Russia will be successfully implemented and the goals will be reached, if enterprises’ working assets are largely and deeply upgraded, business pursues an innovative development path and the State stimulates their investing activities.
Keywords: import substitution, economic growth, agriculture, industry
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