Foreign Direct Investment in Russia: A Strategy for Industrial Recovery

By Paul Fischer | Go to book overview
ICA integrates all functions for enhancing FDI
information
busine ss intelligence
promotion
advisory services
policy research
training

The first step was to determine priority sectors for FDI. ICA then undertook investment promotion — in Germany and other EU countries. It also surveyed TNCs with offices in Moscow. The objective was to encourage interenterprise alliances with Russian partners in priority sectors for FDI.

During 1996–99, a number of assignments were completed in a number of industries including food processing, wood processing and furniture, building materials and interior components, automotive components, intermediary chemicals, printing equipment, leasing, healthcare and apparel. Special market entry and expansion concepts were designed for each industry. Market leaders in western Europe were then identified and approached with a proposal for transferring technology and knowhow. Each project was organized in phases (Figure 16.10). This systematic approach minimizes lead time and risk of error. The investor also has a more transparent view of the business environment and work practices in Russia.

The ICA experience can serve as a model for FDI advisory services in Russia. It has accumulated valuable know-how that could be transferred to other advisory organizations, including educational establishments in the major regions.


Notes
1
Chapter 17.1.
2
Advanced country governments may also promote big projects in recipient countries by subsidizing their domestic companies and lobbying abroad for them (e.g. France's winning of the contract for its rapid train TGV against the German ICE in South Korea in 1996).
3
In France, FDI in 1998 was expected to create almost 30 000 new jobs. Le Figaro, 'Ces investissements étrangers qui dopent les emplois hexagonaux' [Stimulating employment in the Hexagon through FDI], 26 April 1999.
4
California attracts most FDI projects among US states. If it were an independent country California would rank seventh in the world in terms of GDP (US$900 billion; population: 30 million). See Investing in California, issued by the California Trade and Investment Board, 1997.
5
The Moscow Times, 'Daewoo is Wooed by Ukraine', 20 September 1997, p. 7. However, following the financial crash of December 1997 in South Korea, it is not certain whether the investment can be geared up as planned.
6
The European Commission has threatened to close EU borders to cars manufactured under such conditions in the Ukraine.
7
The Moscow Times, 'China to Drill Kazakh Oil', 27 September 1997, p. 8.
8
'Country Report: France', in Managing 1997, p. 17.
9
Auslandskurier, 'standort ja, Marketing nein?' [Location yes, marketing no], February 1997, p. 10.
10
UNCTAD, World Investment Report 1997, p. 303.
11
'Country Report: Poland', in Managing 1997, p. 19.

-528-

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

Table of contents

  • Title Page iii
  • Contents vii
  • List of Figures xiv
  • List of Tables xviii
  • List of Boxes xx
  • List of Maps xxi
  • Foreword xxiii
  • Preface xxv
  • A Word from the Author xxvii
  • List of Acronyms xxix
  • Introduction: Background and Rationale of the Study 1
  • Notes 13
  • Part I - Fdi Theories and Policy Implications 17
  • 1 - Overview of Main Fdi Theories 19
  • Notes 44
  • Part II - Global Fdi Potential and Opportunities for the Russian Economy 47
  • 2 - Determinants of Global Fdi 51
  • Notes 76
  • 3 - Global Fdi Trends 79
  • Notes 114
  • 4 - Tncs as Global Investors 116
  • Notes 130
  • Annex 4.1 the World's Top 100 Tncs Ranked by Foreign Assets, 1996 132
  • Annex 4.2 Top 50 Tncs of Emerging Economies, 1996 138
  • Part III - Fdi as the Catalyst for Industrial Transformation in Selected Large Emerging Markets 143
  • 5 - Fdi Policies and Prospects in China 147
  • Notes 194
  • 6 - Fdi Policies and Prospects in India 197
  • Notes 237
  • 7 - Fdi Policies and Prospects in Mexico 241
  • Notes 269
  • Part IV - Russia's Key Industries and Fdi Achievements in the 1990s 273
  • 8 - Russia's Economic and Industrial Performance During Transition 274
  • Notes 313
  • 9 - Salient Features of Fdi in Russia 315
  • Notes 336
  • Part V - Towards a Long-Term Fdi Strategy for Russia 339
  • 10 - Strategic State Guidance for Fdi 341
  • Notes 354
  • 11 - Russia and Its Competitor Lems 356
  • Notes 375
  • 12 - The Competitiveness of Russian Industry at the Threshold of the Twenty-First Century 377
  • Notes 403
  • 13 - Fdi Sourcing Potential in the World's Leading Economies 405
  • Notes 449
  • 14 - Strategic Target Setting for Russian Fdi During 2000–05 452
  • Notes 461
  • Part VI - Policy Instruments for Enhancing Fdi During 2000–05 463
  • Notes 465
  • 15 - Framework Conditions for Foreign Investors 467
  • Notes 478
  • 16 - Fdi-Related Policy Instruments 481
  • Notes 528
  • 17 - Institution-Building and Fdi Agenda 534
  • Notes 547
  • Appendix: Definitions and Explanatory Notes 549
  • Bibliography and Selected Reading 557
  • Index 565
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