IMPORT SUBSTITUTION: OPPORTUNITIES AND LIMITATIONS OF AGRICULTURAL ORGANIZATIONS DEVELOPMENT IN THE FACE OF EXTERNAL SHOCKS

DOI 10.32651/226-24

Issue № 6, 2022, article № 3, pages 24-28

Section: Problems of efficient management

Language: Russian

Original language title: ИМПОРТОЗАМЕЩЕНИЕ: ВОЗМОЖНОСТИ И ОГРАНИЧЕНИЯ РАЗВИТИЯ СЕЛЬСКОХОЗЯЙСТВЕННЫХ ОРГАНИЗАЦИЙ В УСЛОВИЯХ ВНЕШНИХ ШОКОВ

Keywords: IMPORT SUBSTITUTION, IMPORT DEPENDENCE, ECONOMIC SECURITY, FOOD SECURITY, AGRICULTURE

Abstract: The intensification of the import substitution policy in recent years is due to the development of the global geopolitical situation, accompanied by an aggravation of trade and economic relations. Russia has been under sanctions pressure on the economy for several years. Currently, the policy of import substitution is more successfully implemented in terms of providing the population with food products. The country in a fairly short time for most types of agricultural products and food has reached the parameters that were established in the Food Security Doctrine of the Russian Federation. In this regard, we consider agriculture as a driver for the implementation of the import substitution policy and a priority for the policy of reducing import dependence. The import substitution policy opens up new opportunities related to the development of technologies; industrialization; attracting investments, including through public-private partnerships; expansion of concessional lending to agricultural producers; the emergence of new enterprises and, as a result, the creation of new jobs; growth in exports of domestically produced goods; expanding opportunities for the emergence of new domestic products that are competitive in the world market. However, new opportunities also bring new threats. Subsidizing agricultural production is fraught with certain consequences: since individual companies are owned by foreign investors, it turns out that the state supports foreign capital. The result of limiting external competition may be the monopolization of the domestic market by large enterprises, which also carries certain risks.

Authors: Zonova Olga Vasilevna, SHeveleva Oksana Borisovna, Slesarenko Ekaterina Vladimirovna