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Institutional Framework for Economic Re-Industrialization in the Mechanism of Industrial Policy Realization

Institutional Framework for Economic Re-Industrialization in the Mechanism of Industrial Policy Realization

Journal of Economic Regulation, , Vol. 8 (no. 3),

An attempt has been made to substantiate the institutional structure aimed at the effective progressive development of the production sphere as the basis of the national economy oriented towards the qualitative development of social capital, which is the key goal of transforming the modern Russian economy. The achievement of that goal is possible through the implementation of reindustrialization strategy based on the conceptual platform of regional institutionalism, the determinant of which is also the possibility of implementing the potential of the regions as a priority source of development and reproduction as a result of building sustainable local relationships in the regional economy. Institutional design of reindustrialization and forcing the industrial development of the Russian economy are becoming particularly relevant in the context of the need to connect Russia to the concept of "Industry 4.0" and the fourth industrial revolution.

Keywords: Industry 4.0; Institutional structure of re-industrialization; Neoindustrialization; Industrial policy; Reindustrialization

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