Template-Type: ReDIF-Article 1.0
Author-Name: Tatyana V. Kulakova
Author-Email: tkulakova@yandex.ru
Author-Workplace-Name: National Research University Higher School of Economics, Moscow 101000, Russia
Author-Name: Maria A. Moiseyeva
Author-Email: m.moiseeva@abik.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Title: Industrial Diversification: How Can We Overcome the Barriers?
Abstract: The article authors dwell on the international practices gained in promoting industrial diversification. One of the key barriers that hamper the process in the emerging economies is the existence of the underdeveloped financial system backed by the vast amount of natural resources and the lack of a chain of production that could integrate the domestic hi-tech companies. As a result, the costs associated with the attraction of borrowed funds become quite high. This is especially true it you take the innovative companies that operate in the SME sector. The article authors identify the ways to form hi-tech sectors on the basis of resource-intensive sectors.
Classification-JEL: O32, L16
Keywords: industrial diversification, financial system, hi-tech companies, chain of production
Journal: Finansovyj žhurnal — Financial Journal
Pages: 37-46
Issue: 1
Year: 2011
Month: January
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2011/1/statii/2011_01_03.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:110103:p:37-46