Investment Program of Russian Business: Answer or Evasion from the Challenges of Time?

Abstract

Based on the analysis of almost 40 thousand Russian investment projects in the context of seventeen industries, which are at various stages of implementation, it is shown that the introduced objects are focused on the reproduction of the economy of the resource type. In the structure of projects to be introduced in the short and medium term, a weak shift towards the creation of an economy more adequate to modern challenges is outlined. However, this trend is unstable: the projects that are in the stages of planning, pre-project planning, design and preparation for construction, not only do not reflect the course to create a relatively independent economy from the rest of the world, but, rather, indicate an attempt to return to the previous format of development. The author shows that the responsibility for future economic growth is steadily shifting in favor of the state in both sectoral and regional development. So far, the success of the Russian executive branch in solving the problem of activating the investment activity of business is low.