Formation of strategic priorities of industrial development of the Russian Federation as an innovative factor in overcoming crisis periods

Abstract

The relevance of the study is determined by the need to search for innovative factors that contribute to the stability of the economy in times of crisis. The authors highly appreciates the role of intellectual innovations in overcoming crises in the economy. Focusing on the theoretical and methodological aspects of the formation of priorities for industrial development of the Russian Federation after the economic crisis of 2009, the authors hypothesized that changes in approaches to state management of economic processes were refl ected in regulatory documents and economic indicators, their analysis can point to the advantages and disadvantages of the existing institutional approach. The paper analyzes public management decisions in relation to the relevant economic indicators for the period from 2009 to 2021. It is determined that the main priorities of the state and economic policy of the Russian Federation during this period are innovative activities and the corresponding industrial policy. The choice of priorities is analyzed from the point of view of compliance with the author's methodology. The positive and negative dynamics of economic indicators as a consequence of the implementation of development priorities are studied, with an emphasis on crisis periods. Based on the results of the study, the authors argues that the choice of state development priorities had a positive impact on the stability of the economy, but the lack of integrity in strategizing did not allow achieving maximum effi ciency. This leads to the conclusion that a scientifi cally based institutional approach with the alignment of strategic priorities in a holistic national strategy can be a separate innovative factor of economic stability in times of crisis.