Special Economic Zones in Russia

Kari Liuhto and Valtteri Kaartemo

Chapter 7 in The Changing Nature of Doing Business in Transition Economies, 2011, pp 104-122 from Palgrave Macmillan

Abstract: Abstract In the last decade, companies from emerging countries have started to enter global markets at full steam (Fortune, 2009). Firms from the BRIC (Brazil, Russia, India and China) countries have also increasingly engaged in research and development (R&D) activities. As a result of this unprecedented development, 21 companies originating from BRIC countries have taken places among the top 1000 R&D investors in the world (DIUS, 2009). However, the data indicate that the growth of Russian companies does not correlate with the number of companies among the top R&D investors in the world. This suggests that despite the aspirations for increased R&D and the emphasis on a knowledge-based economy, Russian multinationals have mostly remained dependent on natural resources.

Keywords: Foreign Direct Investment; Foreign Investor; Foreign Company; Innovation Development; Electronic Publication (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-33701-5_7

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DOI: 10.1057/9780230337015_7

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