Russian Far East’ Investment Cooperation with Sub-Global Economic Structures under the Conditions of the National Economy’s Recession
Based on the official statistical data the article analyzes the dynamic of investment cooperation of the Russian Far East and foreign countries, particularly the countries of the Pacific Rim, during the recession of national economy (2014–2016). The article shows the inertia of dynamic of foreign di...
| Published in: | Spatial Economics |
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| Main Author: | |
| Format: | Article in Journal/Newspaper |
| Language: | Russian |
| Published: |
Economic Research Institute of the Far East Branch of the Russian Academy of Sciences
2018
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| Online Access: | https://doi.org/10.14530/se.2018.1.138-153 https://doaj.org/article/525d9c0157ce46caacaaf91e57c6d930 |
| Summary: | Based on the official statistical data the article analyzes the dynamic of investment cooperation of the Russian Far East and foreign countries, particularly the countries of the Pacific Rim, during the recession of national economy (2014–2016). The article shows the inertia of dynamic of foreign direct investment (FDI) to the Far East based on their localization in the Sakhalin region. During the sanctions, the main sources of FDI attraction to the Far East are offshore territories, which can be explained by the fear of corporations to suffer consequences of sanctions and the need to minimize other risks and expenses. To smooth out the long-term challenges structural transformation are required, the ones that are aimed at: lowering economic risks and the share of state (budget) sector, decreasing the scale of state intervention, removing the barriers of market entrance, improving investment climate, stimulating of entrepreneurial activity, diversifying assets, increasing the quality of human capital, attracting labor and capital from abroad, and lowering import tariffs. Based on this the article notes the danger of desire to build an expensive transport and energy infrastructure in Russia, paid from the budget, in the conditions of fading growth rates of national and regional economies, for a possible realization of those projects that still don’t have foreign investors |
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