The Attracting of Foreign Investment in the Russian Economic Development

Authors

  • Sergey I. Girko
  • Anna V. Gubareva
  • Kseniya E. Kovalenko
  • Stanislav P. Stepkin

DOI:

https://doi.org/10.7596/taksad.v7i1.1468

Keywords:

Investment, foreign economic activity, protection of the national economy, attraction of foreign resources, the development of the national economy.

Abstract

The attracting of foreign investment is a strategic goal of the Russian economy’s development. Direct investment plays a special role in this process providing an access to financial resources, modern technologies, management skills, innovative goods and services as well as contributing to increase of economic competitiveness, sustained growth and improvements in living standards. In this connection, creation of an enabling environment for foreign investors is a priority sector of public investment policy. Based on the analysis of federal and regional forms of supporting investment activities, it can be concluded that the forms associated with budget injections into the economy are dominant. Co-financing of investment projects, government programs to support exports, create infrastructure (technology parks, SEZ infrastructure, TAD), create support centers for entrepreneurs, all this can be called financial stimulation of economic activity and, in particular, investment activity. The study suggest that the state has to go to these costs in connection with the reduction of the investment potential of the private sector, as a result of the economic crisis and international sanctions.

References

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Published

2018-03-31

How to Cite

Girko, S. I., Gubareva, A. V., Kovalenko, K. E., & Stepkin, S. P. (2018). The Attracting of Foreign Investment in the Russian Economic Development. Journal of History Culture and Art Research, 7(1), 142-150. https://doi.org/10.7596/taksad.v7i1.1468