IMPORT SUBSTITUTION AS A DEVELOPMENT FACTOR OF REGION PRODUCTIVE POTENTIAL

Abstract

In recent years various scientists have raised the question of import substitution necessity as a prior direction of Russian economy development. Difficult current situation in Russia due to embargo on certain goods imported from a number of countries has led our country to a course of import substitution, which may provide the accumulation of available productive region potential and increase the efficiency of its usage. We should accept the fact that Russian economy is extremely dependent on import (the share of import in various sectors increased steadily since the fall of iron curtain, and in many strategically important areas has reached 80% or more). Therefore, question of development and growth of productive region potential and its components with the aim of own production comparable in range, volume and quality with imported becomes extremely relevant. The article shows main approaches to the definition of "import substitution" and different interpretations of this term taken from a number of recent scientific publications on the basis of which its essence is disclosed. The paper gives estimation of external turnover in Russia and overview of import value occurred under the influence imposed on our country sanctions. The importance of increasing the productive region capacity particularly its innovation component is stressed as necessary condition for full utilization of internal competitive territory advantages. It is pointed out that import substitution becomes an important factor in the development of the industrial region potential and improving the efficiency of its use.