THE STUDY OF THE EXPERIENCE OF ADVANCED INDUSTRIAL COUNTRIES IN STIMULATION OF INDUSTRIAL DEVELOPMENT

The experience gained in advanced industrial countries in setting long-term goals for the development of industry and its stimulation is of particular interest for our country, taking into account the challenges facing the Russian Federation today — that is the creation of a competitive, sustainable, structurally balanced industry, especially its manufacturing sector. This served as the basis for the critical analysis of the experience of advanced industrial countries in stimulating industrial development and identifying the problems they faced, as well as the possibility of using foreign practice in the development and implementation of the course for industrial development in Russia. We conducted our study on the basis of the experience of countries consistently occupying the first line of the international ratings as concerns the state and prospects of industry development. Today, the United States, Germany and Japan are making considerable efforts to stimulate this sector, especially in the manufacturing industry. We used international statistical sources and databases of international organizations, UN, the World Bank, etc. General scientific methods, as well as specific economic tools of comparative studies, were used to work with them. On this basis, we drew conclusions about the feasibility of applying a variety of means and methods of stimulation of the industrial development abroad, during the development and implementation of domestic industrial policy. These include, among others: compliance with the principles of integrated and balanced impact on the sector, taking into account its links with the entire socio-economic system; taking into account the time constraints of the effects of stimulation of certain areas of industry, the peculiarities of the society’s perception of the expediency and effectiveness of such impact, and some others. All this would significantly improve the effectiveness of the national policy for the development of domestic industry.

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