Effective investment policy as a key to sustainable development of the Russian economy

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ANDREY MARKOVICH MARGOLIN^а
TATYANA ANDREEVNA SPITSYNA^а

^аRussian Presidential Academy of National Economy and Public Administration

DOI: 10.22394/2070-8378-2021-23-5-37-46

Abstract:
The external and internal conditions of the domestic economy are changing dynamically. These changes should be considered when adjusting the existing and developing new mechanisms to ensure the investment attractiveness of the economy. These also include the Federal Law “On Protecting and Encouraging Capital Investments in the Russian Federation”, implementation of special investment contracts, and further development of the “Project Finance Factory” program. The problem of improving the quality of investment policy should be addressed not only through the development of a system of measures aimed at the development of investment legislation and increasing state support for investment activities. The “evolution of values” is of fundamental importance here and contributes to the formation of an investment mentality. Strategic goals will dominate over short-term ones, and the strengthening of trust between the state, business, and civil society will be transformed into a real improvement of the investment climate, reduction of risk premiums and interest rates, as well as an increase in the volume of investments in public-private partnership projects. A necessary condition for the “evolution of values” is the creation of a specific system of education.

Keywords:
investment policy, investment climate, government guarantees, investment tax deduction, investment mentality, sustainable development

Received:
October 2, 2021

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