Best Practices Application in the Development of Industry in Russia

Abstract

This article is devoted to the analysis of the problems of the Russian economy in modern conditions, in particular, the technical and technological backwardness of Russia from the developed countries. The analysis of the reasons for the low level of competitiveness of the national economy has been carried out, and ways of its possible improvement have been investigated. The necessity of changing the export-raw model of economic development, based on the accelerated increase of fuel and raw materials exports, on the model based on the production of high-tech competitive products is shown. A study of the world’s best practices in the development of industry and the agro-industrial complex has been conducted, and statistics of economic indicators of other countries is given. This article analyses the results obtained by these countries. Also, the most effective principles of economic management, which could be applied in Russia are identified. It is substantiated that the Russian Federation needs to intensify innovation. It is revealed that the strategy of innovative development of the agri-food and industrial complex should be determined on the basis of the state innovation policy, the main task of which remains to mobilize the potential of the scientific and technological potential of the industry for the technical and technological renewal of domestic industry and agro-industrial complex.