Open AccessConstruction complex as a driver of the Russian economy
Author(s) -
Alexey Litvintsev
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/751/1/012156
Subject(s) - construction industry , order (exchange) , business , economic system , economy , industrial organization , economics , engineering , construction engineering , finance
The article deals with perspectives of the construction industry that is a driver of the Russian economy. An analysis of general trends in the development of the Russian construction sector, modern approaches to its structure represented by construction clusters is carried out. The economic development of Russia should be based on the internal sources that act as drivers of economic growth. A number of industries have the highest growth potential. One of them is the construction industry which has a high multiplier effect. The construction industry development contributes to the infrastructural development of regions and improves the living standards. At the same time, this sector is still experiencing a number of problems due to the inefficient structure and low innovation activity and competitiveness. In order to eliminate the negative trends in the construction sector and move to a new level of development, new structural forms are required. In recent decades, foreign construction clusters have shown their high efficiency. Highly efficient construction clusters go beyond the adjacent territories and countries of origin, contributing to the competitiveness of both construction companies and the national economy in the global market.