Competitiveness of the Russian Machine-Tool Industry

This article examines the Russian machine-tool industry's competitiveness in the world and domestic markets. It uses characteristic indicators of sector competitiveness to compare Russia's machine tools and machine-tool production with those of advanced and newly industrialized countries. This analysis indicates that the Russian machine-tool sector's competitive position is poor overall but average in limited production segments. Financial conditions are unfavorable for investment in the machine-tool industry and other low-profit sectors. These conditions prevent increases in sector competitiveness and hinder expansion of the product mix.