Bioeconomy: EU Experience and Opportunities for Russia

In: Moscow University Economics Bulletin, Band 2019, Heft 4, S. 60-77

Abstract

This article discusses the evolution of the concept of bioeconomy from the early 1970s to the present. We highlight the main trends in the current development of bioeconomies in Russia and the European Union. Implementation of biotechnologies with a view to sustainable and low-carbon development is analyzed. It is the European Union that takes the leading position in the development of the bioeconomy. Several social, economic and political problems are to be solved by introducing elements of the bioeconomy in the EU. Moreover, we have identified and analyzed the stages of the development of a bioeconomy in Russia, as well as the main drivers and limitations associated with the development of a bioeconomy in Russia. Finally, an overview of state policies and instruments in the field of bioeconomic development is presented, and evaluations of their effectiveness and applicability in Russia are given.