Payson D.B., Popova S.M. Innovative development of the rocket and space industry in Russia: challenges and potentialities

Abstract: The research subject is the peculiarities of innovative development of the rocket and space industry in the Russian Federation. Based on the complex analysis of external and internal challenges and the institutional and legal context of this sector reforming, the authors detect the obstacles to quantitative changes in the development of one of the key sectors of Russia’s economics. The study shows that in the context of the new challenges, the improvement of adaptive capacities of the rocket and space industry of Russia and its capacity for internal changes and transparency is of a prime importance. To accomplish the research tasks, the authors apply the system, structural-functional, comparative-historical, comparative-legal, formal-logical and other research methods. The authors conclude that in terms of the peculiarities of the goals and tasks of the “Roscosmos” company, it is becoming a unique institution, according to its scale and complexity, working in the sphere of development of a specific sector of Russia’s economics, though its institutional status and the related functions haven’t been formally legalized in the federal legislation. The authors note that the successful modernization of the rocket and space industry determines the possibility for Russia to remain the leader in the field of space exploration.  

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