Spatial and Technological Diversification of the Russian Economy
https://doi.org/10.22394/1726-1139-2018-5-68-76
Abstract
The article explains the technological diversification of the Russian economy as the main precondition for sustaining the economic development and strengthening the internal economic space. The industrial-based approach applied for understanding the economic diversification prospective is criticized for its theoretical shortcomings, leading to the false conclusion of unfeasibility of the technological diversification of the Russian economy under the harsh conditions of the western sanctions and financial restrictions. The new theoretical insight, based on new notion of «spatial technological diversification» is presented to reveal substantial hidden capabilities for horizontal and vertical diversification in Russia. The new path for the breakthrough economic development should be based on specific «regional comparative advantage», identified for every region as a main frame for its specific vertical technological diversification while the horizontal diversification, embracing different regions with their different «regional comparative advantage» might be applicable for the Russian economy in general.
About the Author
I. V. Boiko
Russian Presidential Academy of National Economy and Public Administration (North-West Institute of Management of RANEPA)
Russian Federation
Russian Federation
Irina V. Boiko, Professor of the Chair of the Customs Administration of North-West institute of management, Doctor of Science (Economy)
References
1. Boyko I. V., Chernenko V. A. Technological modernization of economy of Russian regions. SPb. : Publishing house of SPbSUSE, 2010. (In rus)
2. Boyko I. V., Saryshakhin E.B. Resources and economic opportunities of the coastal region. SPb. : Academy of culture research, 2015. (In rus)
3. Gorshenina E. V. Regional economic researches: theory and practice. Tver : Tver State University, 2009. (In rus)
4. Diversification in Russia. Potential of regional distinctions. European Bank for Reconstruction and Development, 2012. (In rus)
5. Zagashvili S. V. Diversification of the Russian economy in the conditions of sanctions // World economy and the international relations [Mirovaya ekonomika i mezhdunarodnye otnosheniya]. 2016. V. 60, N 6. P. 52–60. (In rus)
6. Faltsman V.K. Diversification of the Russian economy // Economy Questions [Voprosy ekonomiki]. 2015. N 5. P. 48–62. (In rus)
7. Crespo J., Balland P.-A., Boschma R., Rigby D. Regional Diversification Opportunities and Smart Specialization Strategies. Publications Office of the European Union, 2017.
8. Robinson J. The New Mercantilism. An Inaugural Lecture by Joan Robinson. Cambridge, 1966.
Review
For citations:
Boiko I.V. Spatial and Technological Diversification of the Russian Economy. Administrative Consulting. 2018;(6):68-76. (In Russ.) https://doi.org/10.22394/1726-1139-2018-5-68-76
Views:
469
Email this article 