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Import Substitution in Russia

Name: Import Substitution in Russia
Creator: Christian Altmann
Keywords: 8. Economic growth

descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Other literature type 01 Jan 2021Publisher:Springer International Publishing

Authors: Christian Altmann;

doi: 10.1007/978-3-030-64613-4_13

Import Substitution in Russia

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Abstract

Since 2000, the Russian government has tried hard to develop the local manufacturing sector and domestic service industry in order to replace foreign products with Russian goods (import substitution). The main goal of this strategy was to increase domestic production and to diversify the Russian economy, which was heavily dependent on oil and gas exports.

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