Import substitution as an instrument of socio-economic development on the example of the Chechen Republic

In recent years, the Russian Federation and its constituent regions have experienced serious difficulties associated with the introduction of international sanctions. International economic sanctions have different mechanisms and structures - they affect the export of high-tech equipment, the abilit...

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Main Authors: Basnukaev Musa, Tataev Yusup, Gaziev Magomed
Format: Article
Language:English
Published: EDP Sciences 2023-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/88/e3sconf_esmgt2023_01021.pdf
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author Basnukaev Musa
Tataev Yusup
Gaziev Magomed
author_facet Basnukaev Musa
Tataev Yusup
Gaziev Magomed
author_sort Basnukaev Musa
collection DOAJ
description In recent years, the Russian Federation and its constituent regions have experienced serious difficulties associated with the introduction of international sanctions. International economic sanctions have different mechanisms and structures - they affect the export of high-tech equipment, the ability to attract external borrowing, the functioning of digital services and other aspects of the activities of commercial enterprises. The key tool to counter these challenges is import substitution, which allows reducing dependence on external supplies and ensuring more stable development in conditions of economic uncertainty. Import substitution stimulates the development of national production and the creation of new jobs, which in turn can help improve the economic situation in Russia. This article examines the theoretical foundations of the policy of import substitution, analyzes strategies and plans for import substitution at the present stage, and also characterizes import substitution as a tool of socio-economic development using the example of the Chechen Republic.
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spelling doaj.art-8165f9d163ae40d3ae1e47d059de7ffc2024-01-26T10:28:28ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014510102110.1051/e3sconf/202345101021e3sconf_esmgt2023_01021Import substitution as an instrument of socio-economic development on the example of the Chechen RepublicBasnukaev Musa0Tataev Yusup1Gaziev Magomed2Kadyrov Chechen State UniversityComplex Research Institute named after. H.I. Ibragimov Russian Academy of SciencesComplex Research Institute named after. H.I. Ibragimov Russian Academy of SciencesIn recent years, the Russian Federation and its constituent regions have experienced serious difficulties associated with the introduction of international sanctions. International economic sanctions have different mechanisms and structures - they affect the export of high-tech equipment, the ability to attract external borrowing, the functioning of digital services and other aspects of the activities of commercial enterprises. The key tool to counter these challenges is import substitution, which allows reducing dependence on external supplies and ensuring more stable development in conditions of economic uncertainty. Import substitution stimulates the development of national production and the creation of new jobs, which in turn can help improve the economic situation in Russia. This article examines the theoretical foundations of the policy of import substitution, analyzes strategies and plans for import substitution at the present stage, and also characterizes import substitution as a tool of socio-economic development using the example of the Chechen Republic.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/88/e3sconf_esmgt2023_01021.pdf
spellingShingle Basnukaev Musa
Tataev Yusup
Gaziev Magomed
Import substitution as an instrument of socio-economic development on the example of the Chechen Republic
E3S Web of Conferences
title Import substitution as an instrument of socio-economic development on the example of the Chechen Republic
title_full Import substitution as an instrument of socio-economic development on the example of the Chechen Republic
title_fullStr Import substitution as an instrument of socio-economic development on the example of the Chechen Republic
title_full_unstemmed Import substitution as an instrument of socio-economic development on the example of the Chechen Republic
title_short Import substitution as an instrument of socio-economic development on the example of the Chechen Republic
title_sort import substitution as an instrument of socio economic development on the example of the chechen republic
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/88/e3sconf_esmgt2023_01021.pdf
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