Trends in the Investment Activity of Russian and Foreign Companies in the Far East
Abstract
In the light of Russia’s orientation towards the East, the Federal Program for the Socio-Economic Development of the Far East and the Baikal Region until 2015 was approved in 2013. Unlike the previous programs concerning the Far East, this one focuses on the participation of foreign investors and clearly defines the priorities for 12 sectoral programs. Three Eastern Economic Forums held in Vladivostok in 2016, 2017, and 2018, as well as Vladimir Putin’s personal supervision of the Federal Program and participation in the Forums, have been particularly important for increasing the participation of foreign investors.
Aim. The presented study aims to examine the results of the Eastern Economic Forums and the packages of incentives aimed at supporting Russian and foreign businesses operating in the Russian Far East.
Tasks. The authors assess the efficiency of implementation of the Federal Far East Program and identify the existing challenges and risks.
Methods. This study uses general scientific methods of cognition, internet resources, statistical handbooks, and scientific publications.
Results. The study proves that Northeast Asian countries (China, Japan, Republic of Korea) play a major role in the economic growth of the Russian Far East. However, their activity can be affected by political disagreements (for Japan — regarding the status of the Kuril islands, for China – regarding the unstable growth of trade with Russia and low level of direct Chinese investment in the Russian Federation).
Conclusions. Since 2013, the Russian Far East has become the driving force behind the economic development of the Russian Federation as a whole, attracting significant investment from Russian and foreign companies.
About the Author
Tat’yana V. Lezhenina
Institute of Economics of the Russian Academy of Science
Russian Federation
Russian Federation
Nakhimovskiy Ave 32, Moscow, 117218
References
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Review
For citations:
Lezhenina T.V. Trends in the Investment Activity of Russian and Foreign Companies in the Far East. Economics and Management. 2019;(2):47-51. (In Russ.)
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