Nationalization: To be or not to be

Abstract

The article is aimed at ordering, in the first approximation, the subject field of the study, namely, structural alternatives for the reaction of Russian public authorities to the decision of foreign companies to withdraw their business from Russia. Approaches of the new institutional economics are used (especially in terms of comparative analysis of discrete structural alternatives), as well as elements of regulatory impact assessment to explain, first of all, the consequences of forced privatization and the introduction of external administration. The conclusion is made about the limited possibilities of Russian manufacturers in a number of industries to replace the products of foreign companies leaving the market, which is associated with insufficient implementation of the import substitution strategy. The necessity of a differentiated approach to the choice of a regulatory response is explained, including various models of market participants behavior.