Subject. The article discusses the current and future development of domestic machine building as digital transformation processes are under way worldwide. Objectives. The study explores how a new wave of S&T progress influences the coming future of the industry by predicting and analyzing domestic machine building as is. We also substantiate that, as the most critical part of the Russian economy, the machine building sector should be redesigned in terms of its structure and management so as to adapt to challenges brought by digitalization. Methods. The study employs the logic systems analysis of statistical data and expert assessments, techniques for generalization and grouping, abstraction-logic method. Results. The domestic machine building crisis was proved to still linger. Those meager achievements are not viable without the State aid. What describes the industry is that the Russian enterprises and products are hardly integrated into global chain values, resulting from their low competitiveness globally. Most of them are designated for the domestic market or even narrower regional markets. Conclusions and Relevance. There is still no definite conclusion on the impact of digitalization on the future of domestic machine building. However, the industry is not very prepared for innovation, with the governmental domination of the economy impeding the innovative transformation, which requires the freedom of business. As a preliminary requirement for Russia to join a group of global leaders, it should create conditions for the free development of businesses by integrating into global value chains and become more competitive. The findings can underlie practical measures to formulate the industrial policy from macro- and microeconomic perspectives.
Christensen C.M. Dilemma innovatora. Kak iz-za novykh tekhnologii pogibayut sil'nye kompanii [The Innovator's Dilemma: What New Technologies Cause Great Firms to Fail]. Moscow, Al'pina Pablisher Publ., 2019, 240 p.
Spartak A.N. Sovremennye transformatsionnye protsessy v mezhdunarodnoi torgovle i interesy Rossii: monografiya [Modern transformation processes in international trade and Russia's interests: a monograph]. Moscow, VAVT Publ., 2018, 456 p.
Schwab K. Chetvertaya promyshlennaya revolyutsiya [The Fourth Industrial Revolution]. Moscow, Eksmo Publ., 2016, 208 p.
Toffler E. Tret'yavolna [The Third Wave: The Classic Study of Tomorrow]. Moscow, AST Publ., 2004, 261 p.
Topoleva T.N. [Sustainable development of the machine-building complex in a competitive environment]. Ekonomicheskie issledovaniya i razrabotki, 2018, no. 2, pp. 78–85. (In Russ.) URL: Link
Burenin V.A., Burenin A.V. [Growth problem-solving options in chaordic business environment]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2019, no. 11, pp. 73–83. URL: Link (In Russ.)
Borisov V.N., Pochukaeva O.V. [Domestic engineering as a factor of scientific and technological development of the Russian economy]. MIR (Modernizatsiya. Innovatsii. Razvitie) = MIR (Modernization. Innovation. Research), 2019, vol. 10, no. 1, pp. 12–25. URL: Link (In Russ.)
Dolgov S.I., Savinov Yu.A., Nikitenko A.A., Bartenev S.A. [An important tool for expanding Russian exports of engineering products]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2019, no. 10, pp. 26–39. URL: Link (In Russ.)
Bakholdina E.A., Karetnikov N.S., Tashnyak I.V. et al. [Digital transformation of industries with Internet technologies]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2018, no. 9, pp. 111–121. URL: Link (In Russ.)
