Foreign Direct Investment in Russia: A Strategy for Industrial Recovery

By Paul Fischer | Go to book overview
Save to active project

Notes
1
Chapter 8.2
2
See also 'Nastoyashiye Russkoye Varenye' [Real Russian-made jam], Itogi, 10 November 1998, pp. 54–6.
3
Chapter 9.1
4
Chapter 9.3
5
Recently, positive signals have also been given by Russian courts, which have passed judgements in favour of western companies (e.g. Microsoft) in copyright cases and against their Russian joint venture partners.
6
Chapters 16.3, 16.4 and 16.5.
7
Capacity levels in most industries have dropped to precariously low levels endangering the survival of many key enterprises in the regions. See also Chapter 8.2.2.
8
See strategic concept suggested in Part V.
9
P. Fischer, Enterprise Survey Evaluation and Conclusions for the Strategic Orientations and Launch of an International Consultancy Agency, internal report, MESI, Moscow, July 1996.
10
Chapters 8.1 to 8.4. The economic and industrial overview proposed here is certainly not exhaustive and should therefore be refined, especially at sector and enterprise levels, during policy implementation.
11
Chapter 14.
12
Chapter 9.4.
13
Chapters 13 and 16.
14
150–200 per cent during 1995 and 1996. The situation started improving in 1997, when annual interest on loans dropped to 30 per cent in certain banks.
15
OECD, Russian Investment Guide, 1996, p. 40.
16
The growth forecast was revised downward, to –5 per cent as a direct consequence of the financial crisis.
17
This forecast had to be revised following the 1998 financial crisis.
18
Chapter 8.2.3.
19
Chapter 8.1.2.
20
By the end of 1998, foreign reserves fell to only US$12 billion as a consequence of the financial crash.
21
Part VI.
22
Russia's share of world imports fell to about 0.8 per cent in 1998 following a fourfold rouble devaluation.
23
Paradoxically, Russia's foreign currency reserves no longer grow despite a comfortable trade surplus. Apparently, Russia's official imports are highly underestimated as about one-quarter of shipments are not declared. M. Sarafanov, Mogila Ispravit [Hopeless situation], Expert, 5 July 1999, p. 16.
24
In 1998, Russia's foreign trade volume fell by 17 per cent, but the country still reported a comfortable trade balance of US$13 billion (exports: US$73 billion; imports: US$60 billion), which should help ease debt servicing while launching a long-term industrial development policy.
25
First signs of deterioration became visible in early 1998, when world oil prices dropped to unprecedented low levels reducing Russia's import revenue by almost 30 per cent. Oil prices are volatile even if they rose again in 1999.
26
Based on the methodology developed by the International Labour Office (ILO).

-313-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
Foreign Direct Investment in Russia: A Strategy for Industrial Recovery
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 579

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?