Transformation of state investment policy in Russia from the 16th century to the end of the 20th century
Abstract
Investment policy is one of the most important instruments of the state influence on economic activity. In the current conditions, when the need for investment in the real sector of the economy becomes obvious, state authorities pay special attention to creating a favorable investment climate for both domestic and foreign investors. The relevance of the article is caused by the importance of analyzing the implementation of state investment policy in retrospect and studying the experience of state support for investments. Historical experience can certainly help to avoid mistakes in the regulation of investment activities based on examples of the government intervention in investment processes in different periods. The article is devoted to the measures of state support for investment activities, including the implementation of state investment policy in the pre-revolutionary period and the period of the USSR. Using the historical, comparative and causal analysis method, a study was carried out in the field of attracting foreign investments into the Russian economy, the impact of government intervention on the development of investment activities. Based on the data obtained, it was concluded that modern state investment policy in Russia has features of continuity of prerevolutionary and the Soviet investment legislation.
About the Authors
T. O. Vasilevskaya
Baikal International Business School of Irkutsk State University
Russian Federation
Russian Federation
Tatyana O. Vasilevskaya – Postgraduate Student,
Irkutsk.
V. V. Telenkevich
Corporation of Development of Irkutsk Region
Russian Federation
Russian Federation
Victor V. Telenkevich – Candidate of Economic Sciences, Investment Director ,
Irkutsk.
References
1. On investment activities in the Russian Federation carried out in the form of capital investments : Federal Law No. 39-FZ of 25.02.1999. URL: https://www.consultant.ru/document/cons_doc_LAW_22142/ (date of access: 03.05.2024).
2. Kurys N.V. Foreign investments: Russian history (legal research). St. Petersburg : Legal Center Press, 2003.
3. The beginning of the Demidov dynasty. How a Gunsmith Created an Industrial Empire from Scratch. URL: https://tass.ru/v-strane/16701047?ysclid=lvu24amvxs920460511 (date of access: 29.04.2024).
4. Kuznetsov A.V. Outward and Inward Foreign Direct Investments: History of Major Russian Losses Since the Beginning of the 20th Century // Studies on Russian Economic Development. 2023. Vol. 34. Pp. 450– 455. doi: 10.1134/S1075700723040081.
5. Zhabreev M.V. From the history of the development of business law in Russia and on the Ural during THE NEP period // Russian law: education, practice, science. 2021. No. 4. Pp. 96–105. doi: 10.34076/24102709.
6. Kosykh E.S. Concession policy and its legal regulation during the NEP period // Reports of Bashkir University. 2016. Vol. 1, No. 1. Pp. 161–165.
7. Balashov A.M. Development of concession entrepreneurship in agriculture of the USSR during THE NEP period // Theoretical economics. 2021. No. 5 (77). Pp. 62–67.
8. Lapteva A.M. Investment law : textbook for universities. Moscow : Yurayt, 2024.
9. Dongarov A.G. Foreign capital in Russia and the USSR. Moscow : International Relations, 1990.
10. Kursky A., Konoplyanik A. State regulation and mining law development in Russia from the 15th century to 1991 // Journal of Energy & Natural Resources Law. 2006. Vol. 2, Is. 24. Pp. 221–254. doi: 10.1080/02646811.2006.11433435.
11. Zubchenko L.A. Foreign investments : textbook. Moscow : Knigodel, 2012.
Review
For citations:
Vasilevskaya T.O., Telenkevich V.V. Transformation of state investment policy in Russia from the 16th century to the end of the 20th century. Vestnik of Samara State University of Economics. 2025;(1):9-16. (In Russ.)
Views:
10
Email this article 