Directions and prospects for growth of foreign direct investment in the Russian economy under sanctions

Pimenova E.M.¹
¹ Самарский государственный экономический университет, Russia

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Journal paper

Journal of International Economic Affairs ^{(РИНЦ, ВАК)}
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Volume 10, Number 1 (January-March 2020)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42725713
Cited: 6 by 07.12.2023

Abstract:
The article discusses the directions and prospects for growth of direct foreign investments in the Russian economy in the conditions of sanctions restrictions. One of the most effective ways to attract data is international cooperation, i.e. industrial cooperation of international organizations in the production sphere. Despite limited measures, projects of international cooperation between Russian and foreign enterprises (primarily in the mechanical engineering, pharmaceutical and food industries) are growing both in scale and in their total number. International cooperation involves innovative intensity in four different areas (technology, organization, CAD training, and information and communication technologies) and the special role of corporate industrial relations at the enterprise level in working conditions [1]. On the one hand, international cooperation is always positively and firmly linked to the well-being of workers. On the other hand, innovations generally have a positive effect on working conditions, but this effect is weak, and even negative for specific organizational aspects. Therefore, it is necessary to study the directions of development of international cooperation in the Russian market, to find out the problems associated with this aspect. This study is devoted to solving this problem. Special attention is paid to the fact that the positive dynamics of attracting foreign investment and advanced technologies are influenced by the level of risks, as well as a high place in international ratings, support from the authorities, and infra-structural support.

Keywords: foreign direct investment, business climate, joint ventures

JEL-classification: F21, F23, L26

References:

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