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Prospects of Development of Russian Trade in Biotechnology Industry’s Goods

Student: Berbeneva Aleksandra

Supervisor: Marina Glazatova

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Bachelor)

Year of Graduation: 2018

At present, humanity is entering the era of the Fourth Industrial Revolution. It is expected that the new world order will be based on NBCIC convergence, in other words , on nano-, bio-, info- and cognitive technologies. In order to be among the leading countries in the changing technological and economic conjuncture, states need to find the most promising niches in a timely manner. Russia, which relies on the export of raw materials and energy resources, runs the risk of staying out of the main trends of the world economy. One of the most promising areas of development leading to the construction of a new technological order is biotechnology. The last decade has attracted the attention of international organizations and national authorities. Developed countries have already achieved outstanding results and embarked on the path of transition to bioeconomics. As for Russia, its share in the world biotechnology market is less than 0.1%, and the country depends on imports in this sector. At the same time, at present there are prerequisites for overcoming dependence on foreign biotechnological products. Therefore, the Integrated Program for the Development of Biotechnologies in the Russian Federation for the period until 2020 enshrines the desire of Russia to develop biotechnology, and to increase the export of biotechnological products. Unfortunately, at the moment there is no clear plan of action for this task and no prospects for its implementation are outlined. The purpose of this study is to assess the prospects for export development of Russian biotechnology products. To do this, the world trade situation is analyzed and key players in the biotechnology market are identified and the prerequisites and prospects for the development of Russian exports in biotechnology are assessed.

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