Resource support for the production and economic activities of industrial enterprises in the context of economic modernization

Under the influence of international sanctions, access to foreign technologies and equipment has significantly narrowed, forcing some Russian industries to accelerate modernization. However, the current level of government support is not so high today: banks are cautious about lending for long-term projects in the real sector, and high interest rates hinder the implementation of initiatives in medium and low-profit segments of industry. The state’s policy focuses on financing educational institutions (including federal universities and research centers) as well as creating regional engineering complexes and special economic zones. Despite these measures, the modernization process is still slow. It becomes increasingly clear that overcoming the challenges of innovative development with only the efforts of individual players or even entire sectors of the economy is impossible. To move forward successfully, strong mechanisms for cooperation among all stakeholders — from government to business and science — are necessary. An example of such a model can be found in technological platforms, which have already proven their effectiveness in advanced industrial nations. Coordinating the actions of key elements of development (government agencies, scientific community, and industry) within national strategies is a top priority for Russia’s economy on its path toward sustainable innovation-driven growth. According to Rosstat data, the share of high-tech exports in total exports amounts to only about 10%, indicating the need for a serious reassessment of approaches to innovation development. Additional challenges include insufficient levels of digitalization in production processes and a shortage of skilled personnel in high-tech fields. Overcoming these difficulties will require significant investments in training specialists and developing digital solutions, which should become an integral part of state policy in the coming years. The multifaceted nature of modernization and unresolved financial issues demand comprehensive analysis and the search for new approaches to managing the processes of industrial innovation development, aligning perfectly with the goals of this study.

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Publication Details

Journal
Vestnik of Samara University Economics and Management
Published
2025-05-14
DOI
https://doi.org/10.18287/2542-0461-2025-16-1-131-143
Primary Topic
Economic and Technological Developments in Russia
Type
article
Field-Weighted Citation Impact
0.00
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article

Resource support for the production and economic activities of industrial enterprises in the context of economic modernization

Ekaterina S. Podbornova
Vestnik of Samara University Economics and Management
Economic and Technological Developments in Russia
article

Resource support for the production and economic activities of industrial enterprises in the context of economic modernization

Ekaterina S. Podbornova
article en

Abstract

Under the influence of international sanctions, access to foreign technologies and equipment has significantly narrowed, forcing some Russian industries to accelerate modernization. However, the current level of government support is not so high today: banks are cautious about lending for long-term projects in the real sector, and high interest rates hinder the implementation of initiatives in medium and low-profit segments of industry. The state’s policy focuses on financing educational institutions (including federal universities and research centers) as well as creating regional engineering complexes and special economic zones. Despite these measures, the modernization process is still slow. It becomes increasingly clear that overcoming the challenges of innovative development with only the efforts of individual players or even entire sectors of the economy is impossible. To move forward successfully, strong mechanisms for cooperation among all stakeholders — from government to business and science — are necessary. An example of such a model can be found in technological platforms, which have already proven their effectiveness in advanced industrial nations. Coordinating the actions of key elements of development (government agencies, scientific community, and industry) within national strategies is a top priority for Russia’s economy on its path toward sustainable innovation-driven growth. According to Rosstat data, the share of high-tech exports in total exports amounts to only about 10%, indicating the need for a serious reassessment of approaches to innovation development. Additional challenges include insufficient levels of digitalization in production processes and a shortage of skilled personnel in high-tech fields. Overcoming these difficulties will require significant investments in training specialists and developing digital solutions, which should become an integral part of state policy in the coming years. The multifaceted nature of modernization and unresolved financial issues demand comprehensive analysis and the search for new approaches to managing the processes of industrial innovation development, aligning perfectly with the goals of this study.

Vestnik of Samara University Economics and ManagementVol. 16(1)
Samara National Research University (RU)
Openalex Percentile: Top 79%
Economic and Technological Developments in Russia
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