208. Foreing investments and problems of innovative development of Russian economy. Part I. Ed. by A.A. Maslennikov and others. Reports of the IE RAS, 208, М., 2008.

Annotation

The book comprises the results of international capital movement research, conducted in the Center for monetary and financial problems of Institute of Europe, RAS during 2001-2007. Russia's entry into the world economy opens great possibilities for its faster development as a part of global economic organism. But this entry poses new problems, which can only be solved based on experience of the most successful countries with due understanding of historical, social and structural peculiarities of Russian economy. Authors point that the enormous natu­ral and partly wasted, but still not completely lost scientific potential of Russia makes it a very attractive field of activity for foreign investors. However, proper realization of such attractiveness is impossible without active state regulation and smart use of all means influencing investment processes, including structural re­forms, monetary policy, legislature, improvement of administration and manage­ment etc. The book underlines that, taking into account modern globalization and peculiarities of financial and economic situation in Russia, the country does not need foreign investment inflow as such. Instead, Russia needs to work out ways and means of attracting leading technologies, scientific and technical know-how for shifting its economy to innovative way of development.