Formation of Industrial Policy Under Uncertainty Growth

Yakovlev, G. I.; Streltsov, A. V.

With the growing global uncertainty index caused by unforeseen shock scenarios from viral exposure, as well as the rapid development of new digital technologies, it is necessary to find effective ways to manage production activities. The relevance of the study is to justify the need to institutionalize the forms and methods of directive management of the economy to increase its innovativeness and competitiveness, in accordance with the characteristics of each country. The research purpose is to reveal the nature of modern discussions regarding the methods regulating economic processes and to justify the increasing role of industrial policy of states in combination with ensuring freedom of enterprises. The methods include a retrospective analysis of the forms and methods regulating economic activity, a comparative analysis justifying the scenarios of industrial revival on a new technological and social base under centralized state planning and management. As a result, incentives for production and investment activities in high-value added industries are justified using industrial policy tools (investment, tax, financial, administrative regulation, etc.).