The article examines contemporary economic transformation mechanisms and how they can facilitate domestic innovative enterprises to grow and adapt to new conditions with limited investment resources. The authors consider the efficiency of the early-stage corporate innovation subsidy mechanisms that have been put in place and the creation of the federal legislative framework necessary for their implementation. The work analyzes the activities of the Government Commission and the subcommission established on its basis. Its main functions include control over the turnover of foreign investments and the limitation of issuing permits for investment transactions in cases when the norms of the current legislation are violated. In conclusion, the authors offer suggestions to improve the process of securing permissions from the subcommission established on the basis on the Government Commission to conclude investment deals involving citizens and non-citizens of «unfriendly countries».
Zharnitsky Valery Yakovlevich
Russian Presidential Academy of National Economy and Public Administration
Publications of the author
In the journalp. 31-38
Prospects for regional development funds functioning in current conditions
E.V. Andreev, V.Y. Zharnitsky, P.V. Sokolovsky, G.V. Latysh
Russia is one of the most resource-rich countries in the world. Despite having an enormous potential for natural resources, several significant social issues might have an adverse effect on the development of key state institutions and particular sectors of the economy in the future. Development or influence of particular processes in the economy and social sphere is mainly conditioned by the political situation in the country. Today, various elements of regional and social policy are forced to adapt to the upcoming large-scale transformations provoked by instability in foreign policy. Given such conditions, the issue of support for the population is acute; in particular, activities of investment funds formed at the expense of natural rent (in most cases, it is related to hydrocarbons). This article examines the activities of the Norwegian Pension Fund (Global), which was formed based on natural resources, was active in investment activities worldwide and achieved excellent results both in the investment sphere (1.5% of world shares) and in the sphere of pension provision. The Fund's activities are influencing the work of companies in the environmental sector as they contribute to a softer transition to a low-carbon economy.
