Innovative Component of the New Industrialisation

The paper studies negative effects of de-industrialisation and highlights that the mainstream of modern economic policy is the new industrialisation. It reveals peculiarities of the European countries reindustrialisation, and justifies the priority of creating an ecosystem, i.e. a favourable environment, for the development of innovations as the essential basis of the new industrialisation. The author identifies the most important elements of the new industrialisation, stresses that ecology of technologies is a prospective scientific direction and points to the relevance of Russia's industrial enterprises' transition to the standards determined by the best available technologies. The paper lists necessary conditions for implementing an innovative development model in the domestic economy on the basis of the analysis of the main strategic documents regulating the development of innovative activity in Russia and institutional initiatives in the field of development of the new industrialisation processes. The author specifies main technological, economic, social and institutional features of the new industrialisation processes in Russia and details the institutional possibilities and limitations of the innovation model of the Russian economy development. In addition, the author illustrates limitations of innovative development in Russia, related to the imperfection of a number of fundamental domestic institutions and concludes about the need for a rational combination of inclusive and extractive institutions.