New development: Reinventing industrial policy—a Russian study in engineering and design

Abstract

Engineering and industrial design services are closely connected to both an economy’s value and level of employment. While the global market for engineering services is growing steadily, the Russian engineering and industrial design market is very fragmented. Russia began a targeted policy for engineering and industrial design in 2013 to support service providers who were struggling with high interest rates on loans and insufficiently qualified staff. This article reports on this initiative and reflects on its impact.

Keywords:

• Engineering services
• industrial design
• knowledge intensive business services
• policy support
• Russia

Acknowledgements

The article was prepared within the framework of the Basic Research Programme at the National Research University Higher School of Economics (HSE) and supported within the framework of a subsidy by the Russian Academic Excellence Project ‘5-100’. Special thanks to Public Money & Management's editor and the reviewers for their kind assistance in improving our manuscript.

Additional information

Notes on contributors

Mikhail Gershman

Mikhail Gershman is a Senior Research Fellow at the Laboratory of Economics of Innovation, Institute for Statistical Studies and Economics of Knowledge, National Research University Higher School of Economics, Moscow, Russia.

Thomas Wolfgang Thurner

Thomas W. Thurner is a Professor at the National Research University Higher School of Economics, Moscow, Russia.