Technology-Innovative Special Economic Zones in Russia: Lessons from China

Valtteri Kaartemo () and Kari Liuhto ()
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Valtteri Kaartemo: Turku School of Economics (Finland)
Kari Liuhto: Turku School of Economics (Finland)

Foresight and STI Governance, 2010, vol. 4, issue 2, 18-24

Abstract: The article is devoted to the problems of Special Economic Zones (SEZs) in Russia. These zones are not special enough to result in a major foreign direct investment inflow, which is a prerequisite for economic modernisation.It is noted that the Russian innovation policy is concentrated on technological development; however, today some 60% of the country’s GDP is formed by services. Therefore, service-oriented innovations are expected to create economic impact. In this regard without the participation of the world’s leading innovating companies, innovation reform will remain a political exercise. The authors are confident that the mobilisation of the private sector’s R&D expenditure is key in modernising Russia’s natural resource-based economy. Note: Downloadable document is in Russian.

Keywords: innovation development; special economic zones (search for similar items in EconPapers)
JEL-codes: O31 O32 O38 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:hig:fsight:v:4:y:2010:i:2:p:18-24

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