Dynamics and structure of foreign direct investment in CIS countries

Abstract

Object: The purpose of the study is to assess the impact of investments on the development of economic cooperation between the CIS countries and, based on this, to develop recommendations aimed at attracting foreign investment for the development of mutual cooperation between the economies of the participating countries. Methods: The following methods were also used in the course of the work: scientific abstraction, system and structural analysis, logical generalization, as well as economic and statistical analysis. The study also used grouping and classification, expert assessment and detailed methods. Findings: Thus, to date, the institution determining trade and economic relations between the CIS countries is the EAEU, which, according to Bella Balassa's theory, is at the fourth stage (economic union), which is characterized by the fact that member states must agree to coordinate macroeconomic policy across the entire zone, which is not always easy to implement, as experience has shown The European Union. Conclusions: Thus, the investment market has two levels, both within the EAEU and with foreign countries, especially with China and other countries of the Middle East at the present stage. To increase the attractiveness of foreign direct investment, the authors recommend that the EAEU countries take the following measures. Develop an investment policy for non-resource sectors of the economy; take measures aimed at training qualified labor; increase public investment, in particular in socio-economic infrastructure, etc.