Role of the Government in the Development of Special Economic Zones and Industrial Parks in Russia

Sosnovskikh, S

Abstract

This paper investigates the process of developing and implementing special economic zones
(SEZs) and industrial parks (IPs) in Russia. Russian government used these initiatives to
develop and diversify exports, increase employment, attract foreign direct investment (FDI),
and launch technology and knowledge sharing processes. The neoclassical approach, political
economy approach, heterodox school, and industrial cluster model have been relied on to
evaluate the role of the state in the implementation of these initiatives and identify essential
factors for sustainable development. This study reveals that government approach in developing
SEZs and IPs implied high state interference into the business processes preventing healthy
competition and collaboration within the economic zones. Also, lack of funding, political
instability and overall business uncertainty were the main prevent factors for the sustainable
growth of the economic zones. The paper suggests that for the development of SEZs and IPs in
the Russian context, the important factors are personal networks between private investors,
regional managers and federal government, as well as appropriate state regulations and general
investment climate of the country.

Citation

Sosnovskikh, S. (2017, September). Role of the Government in the Development of Special Economic Zones and Industrial Parks in Russia. Presented at The 11th International Days of Statistics and Economics, Prague

• Presentation Conference Type: Other
• Conference Name: The 11th International Days of Statistics and Economics
• Conference Location: Prague
• Start Date: Sep 14, 2017
• End Date: Sep 16, 2017
• Publisher URL: https://msed.vse.cz/msed_2017/article/46-Sosnovskikh-Sergey-paper.pdf