TRANSFORMATION OF STATE'S INDUSTRIAL POLICY IN THE CONTEXT OF "LOCALISATION" OF THE WORLD ECONOMY STRUCTURE
Author: Sava Dimov, Pavel Trifonov, Valery Smirnov and Daniil Kutyurin (Burgas Free University)
Keywords: global value chains, industrial policy, gross value added, economic crisis, export potential, world trade.
The article analyzes the impact of transformation of global value chains under the influence of crisis processes in the global economy on the state of domestic industry. The main purpose of the study is to form conceptual prerequisites for the formation of actual tasks and directions of development of the industrial policy of the Russian Federation in the context of adaptation to the new conditions of functioning of the world economy, due to the new technological order and the transition of a number of developed countries to a new form of foreign economic policy "protectionism". Scenarios for the development of the industrial potential of the domestic economy are considered and political and economic factors affecting the nature of potential changes are identified. The experience of economically developed countries in the field of foreign economic policy is considered. To determine the vectors of development of Russia's industrial policy, we analyzed the dynamics of the export potential of the Russian industry and made a rating of countries based on the value of the share of gross value added of the manufacturing industry in the GDP of the economy.
