Structural alternatives of russian manufacturing industries and architecture of technological modernization (part 1)

Abstract

Continuing stagnation in the Russian economy makes a compelling case for structural reforms and transition to new technologies in non-financial sector. Given the backdrop of investor choice to wait out the situation and pause their investments, stagnation threatens to remain for longer. The biggest concerns are related to the slowdown in the range of high-tech non-resource manufacturing industries. These industries should become the cornerstone to foster the development of scientific, technical, and innovative potential of the country, overcoming the technical deficit, and implementation of modern technologies of the sixth technological generation. The article assesses the place and role of manufacturing industries in Russia’s economy and presents an analysis of dynamic shifts in their structure during the business cycle. The article demonstrates the results of empirical study of monitoring of innovative receptiveness of manufacturing industries. We discuss the directions of expanded cooperation between business and state. We also outline opportunities for correcting policies and tools directed at activating innovative functioning of the manufacturing sector in the view of the growth of geopolitical tensions, forms and methods of effective institutional management of the modernization of business units. It appears that the issues of investment maneuver to single out some types of economic activities, which manufacture products and services with high added value and increasing competitiveness of the Russian economy, call for the change in the model of economic development.