29–31 de mayo de 2023 Ciencias Sociales y Humanísticas
Colegio Universitario San Gerónimo de La Habana
America/Havana zona horaria

Using the Multilateral Investment Agreements in the State Management of Industrial Development: the Experience of Russia

No programado
20m
Colegio Universitario San Gerónimo de La Habana

Colegio Universitario San Gerónimo de La Habana

Obispo e/ San Ignacio y Mercaderes, Habana Vieja. Cuba
IX Taller Internacional de Administración Pública

Ponente

Yulia Yevstafyeva

Descripción

Since 2014 strategic planning is used in the state management of the Russian Federation that is revealed in particular in development and realization of different planning documents. Implementation of such documents is hampered by the peculiarities of the economics system with the use of private capital. Firstly this is about the impossibility of making private entity organisations fulfil state development plans in a directive manner. This impossibility leads to the search for such instruments and mechanisms that could ensure voluntary participation of the organizations of all the forms of ownership (including private) in the implementation of the planning documents and reaching the targets stated there. Nowadays there are a few such instruments used in Russia that have a form of the multilateral investment agreements and are mostly used for the state plans implementation in the industrial development. These are special investment contracts of two types (concluded since 2016) and agreements on protection and promotion of investments (concluded since 2020). These are agreements between business and public-law entities (Russian Federation, federal subjects, municipalities) and involve mutual obligations of the parties. The private party undertakes to implement certain investment projects, develop new technologies and produce products based on them, meeting the obligations in terms of investment volume and output volume as stated in the agreement and public party guarantees stability of the terms of conducting economic activity and different preferences and incentives. In such a way it is possible to achieve the planned targets of industrial development under conditions of free enterprise and existence of private ownership organisations.

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