Foreign Direct Investment in a Stagnant Economy: Recent Experience of FDI in Manufacturing Facilities in Russiaстатья
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Дата последнего поиска статьи во внешних источниках: 17 июня 2020 г.
Аннотация:This study presents a snapshot of investment projects in manufacturingthat were implemented by foreign investors inRussia during 2017–2018. We assemble a unique database ofall new plants opened by foreign companies in Russia during2012–2018 to clarify the distribution of investment projectsimplemented during 2017–2018 across industries and territorieswith different tax regimes. We also identify the most interestingindividual investment projects, interrelated investmentprojects, and elements of collective actions. In general, foreigninvestors in manufacturing demonstrate high ingenuity in discoveringand exploiting the remaining emerging growingmarket segments and promising niches in consumer and professionalmarkets and express significant persistence in realizinginvestment projects. We also demonstrate the methodsapplied to decrease the uncertainty of the project costs byestablishing partnerships with local foreign- and domesticallyowned companies and the attempts to correct the government’sdecisions and regulatory measures that are uncomfortablefor foreign investors.