Improving the regulation of high value added industries

In this article, the directions for the development of high value added industries and relevant industries (in particular, oil and gas mechanical engineering) are discussed; international experience in regulating high value added industries is examined; the analysis of functioning of domestic high value added industries (in particular, petrochemical clusters) is conducted. The authors grouped the problems typical of domestic high value added industries and relevant and consuming industries (in particular, oil and gas mechanical engineering), which are divided into economic, geopolitical, organizational and legal, resource and raw materials, production and technological factors. The authors suggest an idea that high value added industries should develop in integration with enterprises of science, education, business and infrastructure. Also, the measures for regulating high value added industries in integration with relevant and consuming industries (in particular, oil and gas mechanical engineering) are substantiated, which will have a stimulating effect on enterprises involved in the business of producing high value added products and relevant and consuming industries (in particular, oil and gas mechanical engineering).