Industrial and Competition Policy: The Issue of Interrelation and Lessons for Russia

Abstract

The article considers the question of interrelation between industrial and competition policy, especially in transition economies such as Russia. Both the possibilities of complementarity and trade-off are indicated. The authors show how the interplay between industrial and competition policy depends on the stage of economic development and how it has changed over few last decades. Some conclusions are drawn about the optimal use of industrial and competition policy in today's Russia considering the complexity of the objectives of economic policy.