Investment climate: evaluation methodology and literature review. Investment climate evaluation in Russia. Russian Union of Industrialists and Entrepreneurs and regional investment climate investigation. The investment climate in Volga federal district.
Аннотация к работе
Contents Introduction Chapter 1. Investment climate: evaluation methodology and literature review World Investment Reports (UNCTAD) World Development Reports (World Bank) Doing Business methodology (World Bank) Mick Moore and Hubert Schmitz methodology (Institute of Development Studies at the University of Sussex Brighton) Investment climate evaluation in Russia Folom’ev A. and Revazov V. methodology Russian Union of Industrialists and Entrepreneurs (RSPP) and KPMG regional investment climate investigation Chapter 2. The investment climate in Volga federal district Key indicators of investment activity in Volga FD The analysis of the investment climate in Volga FD and recommendations Developing regional legislation Conclusion References Annexes Maps of Volga Federal District of the Russian Federation Expert RA rating performance in Volga FD regions Investment regulatory framework Introduction “A good investment climate is central to growth and poverty reduction. A vibrant private sector creates jobs, provides the goods and services needed to improve living standards, and contributes taxes necessary for public investment in health, education, and other services. But too often governments stunt the size of those contributions by creating unjustified risks, costs, and barriers to competition”. - Francois Bourguignon, Senior Vice President and Chief Economist, World Bank (2005). investment climate russia The investment environment is a subject matter for many researchers and politicians throughout the world. However, there is no consensus about how good investment environment can be build and what this “good” means. Fortunately, more governments start to recognize that their policies and behavior greatly affect the business environment. Thus, the policy question is to envision the investment highlights of a certain Territory that compose favorable conditions for investors in the long run. According to Khan (2005) the good investment climate (hereinafter IC) is characterized by “standard good governance requirements together with the adequate supply of certain types of infrastructure”. At the same time, good governance is “epitomized by predictable, open and enlightened policy making; a bureaucracy imbued with a professional ethos; an executive arm of government accountable for its actions; and a strong civil society participating in public affairs; and all behaving under the rule of law” (World Bank,1994).