State and Catch-up Development

DOI: 10.20542/0131-2227-2011-6-15-29

Yu. Shiskov, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (

Abstract. The article analyses the essential components of the strategy of a catch-up growth. It is shown how much does mean a competent economic, especially industrial and foreign trade policy of the state. The author argues that, while having successfully managed the transition from a command economy to the mixed model, Russia stopped at the next-stage of development – the formulation and realization of an optimal strategy for a long-term modernization. Only in 2008 the government approved the Concept of country's development until 2020 in which the transition to the innovative model of development is advertised. However, it is likely that the due time for the establishment of an information and diversified economy is lost. We should expect a significant drop in world prices for oil and natural gas as result of the rapid development of gas production from shale and the transfer of cars on self-contained power supply. The country transition to the innovative way of development is hampered not only by the economic factors but also by the current political situation. All this does not promise quick success for implementation of a catch-up growth model in Russia.

Keywords: energy superpower, strategy of modernization, industrialization, catch-up post-industrialization, “advantage of backwardness”, borrowing of foreign technologies, import substitution, foreign investment, human capital, promotion of exports

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For citation:
Shishkov Y. State and Catch-up Development. World Eonomy and International Relations, 2011, no. 6, pp. 15-29.

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