Introduction of Investment Instruments and Models Used in the Implementation of Industrial Policy abroad into Russian Practice
( Pp. 122-130)

Purpose of the study: analysis of current trends in the development of industrial policy in the USA and EU countries and its capabilities to confront the modern challenges of the 21st century. The plans of the US government, EU countries, as well as government initiatives to create financial, infrastructural, social and legal conditions and tools for the development of industry and ensuring its competitive advantages in the global market are analyzed. The prerequisites for the emergence of industrial policy and its achievements are analyzed for the development of the future economy of Western countries based on modern technologies and innovations, encouraging targeted investments in industry and infrastructure, motivating companies to switch to renewable energy sources, developing new skills and competencies of workers, as well as based on the transition to new, advanced value creation segments. Based on the results of the study, proposals were formulated for the use of investment instruments and models used in the implementation of industrial policy in Western countries in Russian practice in the development of investment models aimed at increasing the effectiveness of government support measures for the locomotive industries of Russian industrial development.

Kapranova L. D., Abdikeev N. M. Introduction of Investment Instruments and Models Used in the Implementation of Industrial Policy abroad into Russian Practice // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2023. Vol. 19. № 5. P. 122-130. (in Russ.) DOI: 10.33693/2541-8025-2023-19-5-122-130. EDN: GYXYHX

Many countries are seeing a revival of industrial policy //The Economist., Jan 10th. —2022. WASHINGTON, DC. URL: https://www.economist.com/special-report/2022/01/10/many-countries-are-seeing-a-revival-of-industrial-policy. (date accessed: 10.10.2023).
Kondratyev V.B., Popov V.V., Kedrova G.V. Industrial policy in industry 4.0//World economy and international relations. —2022. —Volume 66. —No. 3. —Pp. 73–80.
Konareva L. A. Globalization as a threat to American industrial enterprises in the era of the digital economy//USA & Canada: economy–politics–culture. —2023. —Issue No. 1 C. 102-114. URL: https://usacanada.jes.su/s268667300025818-9-1/.DOI: 10.31857/S268667302301007.
Madeleine Ngo. Reporting from Washington. CHIPS Act Funding for Science and Research Falls Short. NYT May 30, 2023 https://www.nytimes.com/2023/05/30/us/politics/chips-act-science-funding.html?searchResultPosition. (date accessed: 10.09.2023).
Joe Biden’s industrial policy is big, bold and fraught with difficulty //The Economis. Sept. 13th. 2022. WASHINGTON, DC. URL: https://www.economist.com/united-states/2022/09/13/joe-bidens-industrial-policy-is-big-bold-and-fraught-with-difficulty (date accessed: 10.06.2023).
Joe Biden’s signature legislation passes the Senate, at last // The Economist Aug 9th. —2022 —WASHINGTON, DC. URL: https://www.economist.com/united-states/2022/08/09/joe-bidens-signature-legislation-passes-the-senate-at-last. (date accessed: 10.09.2023).
Willy C. Shih. The New Era of Industrial Policy Is Here. Are you prepared? //Harvard Business Review. Brighton, Massachusetts. USA/ Sept.–Oct. 2023. URL: https://hbr.org/2023/09/the-new-era-of-industrial-policy-is-here. (date accessed: 10.09.2023).
Bistline, John, Neil Mehrotra, and Catherine Wolfram. Economic Implications of the Climate Provisions of the Inflation Reduction Act. No. w31267. National Bureau of Economic Research, (May 2023) DOI 10.3386/w31267. https://www.nber.org/papers/w31267. (date accessed: 10.09.2023).
Branstetter, Lee G., and Guangwei Li. Does «Made in China 2025» Work for China? Evidence from Chinese Listed Firms. No. w30676. National Bureau of Economic Research, (November 2022) DOI 10.3386/w30676. https://www.nber.org/papers/w30676. (date accessed: 10.09.2023).
Callum W. Governments across the world are discovering «homeland economics» // The Economist Oct.7th. —2023. —WASHINGTON, DC. URL: https://www.economist.com/special/report/2023/10/02/governments-across-the-world-are-discovering-homeland-economics.
Homeland economics» will make the world poorer//The Economist. 2okt. 2023. —WASHINGTON, DC. URL: https://www.economist.com/special-report/2023/10/02/homeland-economics-will-make-the-world-poorer. (date accessed: 10.09.2023).
Juhász, Réka and Steinwender, Claudia, Industrial Policy and the Great Divergence (2023). CESifo Working Paper No. 10675, Available at SSRN: https://ssrn.com/abstract=4592962 or http://dx.doi.org/10.2139/ssrn.4592962. (date accessed: 10.09.2023).
International Monetary Fund. World Economic Outlook, (April 2023). Overview. The outlook is uncertain again amid financial sector turmoil, high inflation. https://www.imf.org/en/Publications/WEO/Issues/2023/04/11/world-economic-outlook-april-2023. (date accessed: 10.09.2023).
Iskandarov D.Z. Functional model for the implementation of industrial development projects in the context of state policy priorities of the Russian Federation//Economics, entrepreneurship and law. —2023. —Volume 13. —No. 8. —P. 2519–2536. doi: 10.18334/epp.13.8.118907.

economic growth, industrial policy, public-private partnership, sources of financing, investment policy, science and technology policy, technological leadership, economic infrastructure..