On the economy of sustainable industrial growth

Author(s):  V.M. Poletaeva, candidate of Sciences, no, Plekhanov Russian University of Economics, Moscow, Russia, poletaeva_vladislava@mail.ru

A.M. Smulov, Dr., no, Private educational institution of higher education Saint Tikhon's Orthodox University for the Humanities , Moscow, Russia, jeger@bk.ru

Issue:  Volume 46, № 2

Rubric:  Regional and municipal economy

Annotation:  Scientific paper covers issues of Russian economy transformation to the model of sustainable industrial growth. Paper performs the comparison study of the rates of economic growth in Russia, countries of «Big seven» and BRICS in the view of their sustainability, considers scientific theories on the factors of sustainable economic growth. On the basis of analysis authors define the sustainable industrial growth economy as economic system, which manufacturing sector production output increases permanently during the long-run time period. At that despite rate of manufacturing output is affected by some deconstructive factors, including external for economy, their affection could be evening-out by the economic system. Article determines industries that could be considered as a basis of the economy of sustainable industrial growth and grounds weight of the task of Russian economy transformation to the mentioned model of economy management solution. In conclusion, the article presents factors and conclusions proving the relevance of the study.

Keywords:  economy, manufacturing, economic system, sustainable industrial growth, output.

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