ISSN: 1204-5357

Research Article

Open Access

STRATEGIC ISSUES OF THE STATE POLICY IMPLEMENTATION OF IMPORT SUBSTITUTION AT INDUSTRIAL ENTERPRISES

EVDOKIA I STROGONOVA,ANASTASIA A MOKROPULO, OLGA M ERMOLENKO, SVETLANA O CUSHU

Abstract

A strategy of import substitution policy is constrained by several factors, the main of which include financial instability, low production capabilities of enterprises, unfavorable foreign policy environment. To enable the implementation of the state policy of import substitution, it is necessary to reorient towards efficiency increase. In current conditions, the criterion of effectiveness may be represented by financial provision, financial instruments, supply and demand for import substitution, product competitiveness, quality of living, etc. In order to improve the effectiveness of import substitution state policy, it is necessary to introduce a system of institutional reforms, establish macroeconomic stability, increase the productive capacity of the country, ensure food and economic security and reduce market fluctuations.

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