The policy of import substitution as the basis for economic security and well-being of society

Yu S. Makasheva, Natalia Petrovna Makasheva, A. S. Gromova, N. V. Andreeva, S. A. Ishtunov

    Research output: Contribution to journalArticle

    Abstract

    The study presents the analysis of import substitution opportunities on separate branches of economic activity, preceding the realization of import substitution policy with the aim to support national economic security, which is essential for the contemporary society welfare insurance. Currently, social well-being is considered to be the reflection of economic activity, the instrument of state influence on the society, as well as an indicator of the social security system. Due to the fact that Russia is integrated into the world economy, the foreign-economic policy currently is playing an important role in the development of national security and the state's interest to the spheres of economy considering external and internal threats. Decline in external economic conditions may result in serious consequences for the functioning and development of the country as well as for the trade and investment activities, which will further lead to the decline in export, withdrawal of capital, recession of industrial production, trade and investment sphere, fall of GDP and living standards. Thus, considering the current state of instability in the world economy and the growing political tension in relation to Russian Federation, the measures to increase economic security in the country should be taken. The policy of import substitution is considered to be one of the major solutions nowadays.

    Original languageEnglish
    Article number012097
    JournalIOP Conference Series: Earth and Environmental Science
    Volume43
    Issue number1
    DOIs
    Publication statusPublished - 11 Oct 2016

    Fingerprint

    import
    substitution
    economic activity
    economics
    national security
    social security
    industrial production
    living standard
    economic conditions
    economic policy
    Gross Domestic Product
    policy
    economy
    society
    world
    analysis
    insurance
    indicator

    ASJC Scopus subject areas

    • Environmental Science(all)
    • Earth and Planetary Sciences(all)

    Cite this

    The policy of import substitution as the basis for economic security and well-being of society. / Makasheva, Yu S.; Makasheva, Natalia Petrovna; Gromova, A. S.; Andreeva, N. V.; Ishtunov, S. A.

    In: IOP Conference Series: Earth and Environmental Science, Vol. 43, No. 1, 012097, 11.10.2016.

    Research output: Contribution to journalArticle

    Makasheva, Yu S. ; Makasheva, Natalia Petrovna ; Gromova, A. S. ; Andreeva, N. V. ; Ishtunov, S. A. / The policy of import substitution as the basis for economic security and well-being of society. In: IOP Conference Series: Earth and Environmental Science. 2016 ; Vol. 43, No. 1.
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