IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRY

The intensive import substitution in the economy caused by the anti-Russian US and EU sanctions also involves the Russian tourism industry. The paper analyzes internal and external factors leading to the import substitution expansion in the Russian economy. The common and different features of the i...

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Main Author: N. M. Mukhetdinova
Format: Article
Language:Russian
Published: Government of the Russian Federation, Financial University 2017-10-01
Series:Финансы: теория и практика
Subjects:
Online Access:https://financetp.fa.ru/jour/article/view/388
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author N. M. Mukhetdinova
author_facet N. M. Mukhetdinova
author_sort N. M. Mukhetdinova
collection DOAJ
description The intensive import substitution in the economy caused by the anti-Russian US and EU sanctions also involves the Russian tourism industry. The paper analyzes internal and external factors leading to the import substitution expansion in the Russian economy. The common and different features of the import substitution in the production of goods and services are considered. The organizational mechanisms for import substitution of a tourism productbased on close cooperation between the state and business are identified. The forms of the public-private partnershipin this area and the progress of the federal target program “The Development of the Domestic and Inbound Tourism in the Russian Federation (2011-2018)” are discussed. The ways of increasing the role of the Russian regions in the development of domestic and inbound tourism and the structural transformation of the industry are discussed. The paper makes it plain that the success of the import substitution largely depends on how effective is the cooperation between the state and business in the framework of the public-private partnership. It is concluded that the import substitution policy can transform the Russian tourism industry into a competitive sector of the Russian economy, an economic growth driver, capable of bringing budget revenues and reducing dependence on raw materials.
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spelling doaj-art-4fe6ac60dacf4786a57d7831c74766742025-08-04T13:11:05ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892017-10-01202435010.26794/2587-5671-2016-20-2-43-50425IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRYN. M. Mukhetdinova0Senkevich Moscow State Institute of TourismThe intensive import substitution in the economy caused by the anti-Russian US and EU sanctions also involves the Russian tourism industry. The paper analyzes internal and external factors leading to the import substitution expansion in the Russian economy. The common and different features of the import substitution in the production of goods and services are considered. The organizational mechanisms for import substitution of a tourism productbased on close cooperation between the state and business are identified. The forms of the public-private partnershipin this area and the progress of the federal target program “The Development of the Domestic and Inbound Tourism in the Russian Federation (2011-2018)” are discussed. The ways of increasing the role of the Russian regions in the development of domestic and inbound tourism and the structural transformation of the industry are discussed. The paper makes it plain that the success of the import substitution largely depends on how effective is the cooperation between the state and business in the framework of the public-private partnership. It is concluded that the import substitution policy can transform the Russian tourism industry into a competitive sector of the Russian economy, an economic growth driver, capable of bringing budget revenues and reducing dependence on raw materials.https://financetp.fa.ru/jour/article/view/388import substitutionrussian tourism industryworld economy turbulenceimport substitution mechanismspublic-private partnership
spellingShingle N. M. Mukhetdinova
IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRY
Финансы: теория и практика
import substitution
russian tourism industry
world economy turbulence
import substitution mechanisms
public-private partnership
title IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRY
title_full IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRY
title_fullStr IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRY
title_full_unstemmed IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRY
title_short IMPORT SUBSTITUTION IN THE RUSSIAN TOURISM INDUSTRY
title_sort import substitution in the russian tourism industry
topic import substitution
russian tourism industry
world economy turbulence
import substitution mechanisms
public-private partnership
url https://financetp.fa.ru/jour/article/view/388
work_keys_str_mv AT nmmukhetdinova importsubstitutionintherussiantourismindustry