Using foreign sources for tech re-equipment of Russia’s economy

Authors

  • Irina Anatolievna Kvashnina Institute of Economics RAS
  • Vladimir Petrovich Obolensky Institute of Economics Russian Academy of Science
  • Vyacheslav Pavlovich Shuyskiy Institute of Economics RAS

Keywords:

modernization, technology imports, direct investment, stimulation of import and investment

Abstract

The article examines the possibilities of using foreign technologies and direct investments for Russia’s economic modernization. Successful domestic and international experiences in this sphere are analyzed. The authors pay attention to the complexity and risks associated with the use of external financial resources. An attempt was made to evaluate the government and businesses potential to increase expenditure on modernization of the economy. It is concluded that even in the face of import substitution, creation of conditions for a wider use of foreign technologies should be the most important imperative of the economic policy. Therefore a number of measures to stimulate the inflows of foreign technologies (material and nonmaterial) are proposed.

Author Biographies

Irina Anatolievna Kvashnina, Institute of Economics RAS

Candidate of Economic Sciences

Work place, position: Institute of Economics RAS, Chief Researcher

Vladimir Petrovich Obolensky, Institute of Economics Russian Academy of Science

Doctor of Economic Sciences, Professor

Work place, position: Institute of Economics Russian Academy of Science – Principal Researcher, Primakov Research Institute of World Economy and International Relations Russian Academy of Science, Principal Researcher

Vyacheslav Pavlovich Shuyskiy, Institute of Economics RAS

Candidate of Economic Sciences

Work place, position: Institute of Economics RAS, Chief Researcher

Published

2024-02-08

How to Cite

Kvashnina, I. A., Obolensky, V. P., & Shuyskiy, V. P. (2024). Using foreign sources for tech re-equipment of Russia’s economy. Russian Foreign Economic Journal, (11), 3–17. Retrieved from https://journal.vavt.ru/rfej/article/view/2211

Issue

Section

World economy

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