Russia on the Path Towards a New Technology Industrial Policy: Exciting Prospects and Fatal Traps

Abstract

Traditionally industrial policy is under scrutiny worldwide. In recent years, issues of its elaboration have gained increased importance in Russia as well. Among the forefront tasks are the harmonization of domestic industrial policy with science, technology and innovation policy, taking into account the specificity of different sectors and technological areas, diversification of the national economy, the formation of new sectors, the development of human capital. The article aims to discuss the practical problems and inconsistencies of industrial policy in Russia since 2000, to analyze positive and negative experiences, and to draw up some lessons which are essential for a new technology industrial policy.