Problems of long-term growth of textile and clothing industry in Russia

The article examines the regularities of the textile and clothing industry development in the conditions of globalization and challenges of the fourth industrial revolution from the view point of long-term growth theories. It stresses the historical role of the industry as a structural component of the national economy. The purpose of the study is to assess the current state, to determine the opportunities and trends of innovative breakthrough of the Russian textile and clothing industry. The methodologically the research is based on the fundamental models of economic growth. The article analyzes the trends of the global textile products and reveals the gap extent between Russian industry and the manufacturers in the leading countries. The hypothesis that the achievement of high growth rates in the textile and clothing industries can be ensured by a dynamic and steady growth of investments in fixed capital and human assets has been confirmed in the case study of China and Russia. To bring the industry out of the deep crisis, the necessity of using an endogenous model of economic growth based on investments in knowledge, new technologies and intellectual capital has been substantiated. The conceptual features of innovative development strategies implemented in Germany, the USA, China, India and Turkey have been characterized. The main directions of the growth model and restructuring of the textile and clothing industry in Russia have been identified. They are digital transformation under the influence of diffusion of advanced technologies, growth of the share of high-tech products and technical textiles, technological modernization of traditional production lines, creation of factories of the future, innovative platforms and clusters, development of institutions. It has been concluded, that at the present stage the most appropriate competitive strategy is dynamic catch-up that provides active adaptation and implementation of the world's best achievements in research and development. Particular attention is paid to institutions and huge state support for the development of conditions for business process integration, for the provision of interaction of all participants in the innovation and technological growth of the industry, as well as for the development of infrastructures and the formation of a favorable investment climate. Further studies in the field will be related to the use of tools of economic and mathematical modeling to study the factors of long-term growth of the textile and clothing industry in Russia and predict trends in its development.