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Speed and level of capacity utilization in terms of the import substitution strategy in Russia

Speed and level of capacity utilization in terms of the import substitution strategy in Russia

Journal of Economic Regulation, , Vol. 6 (no. 3),

The application of the import substitution strategy involves the growth of industrial production and productivity by increasing capacity utilization. Analysis of the dynamics of the capacity utilization level in developed and developing countries indicates that stands stable group of countries with a low level of capacity utilization, which include Russia. The paper substantiates that the implementation of protectionist policies in respect of domestic industrial production involves the growth of capacity utilization.

Keywords: import substitution; the rate of capacity utilization; capacity utilization; dynamics of industrial production; developed and developing countries; economic crisis; means of production.

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