Abstract
The chapter of the monograph presents the study of the national policy in the sphere of legal regulation of investment relations, which is the most significant tool for ensuring inclusive growth and sustainable economic development, poverty reduction and job creation. Investment policy is aimed at solving a number of strategic tasks of the state, and therefore it should be closely linked to the overall development strategy of the country and regularly updated to reflect changes in the investment environment. In the context of this study, the authors categorize such objectives into two groups: the objectives to be solved within the framework of the concept of sustainable development, and those aimed at ensuring inclusive growth. The authors substantiate the significance of solving a number of tasks of the national investment policy aimed at ensuring the concept of sustainable development, including: (1) support and stimulation of certain sectors of the economy (using tax benefits, subsidies or other measures aimed at attracting investment and stimulating growth); (2) ensuring balanced development of economic sectors and production exports growth; (3) achieving competitiveness of domestic goods and services; (4) implementation of environmental programs, such as health care development and environmental protection; (5) ensuring the defense and security of the state by promoting the development of critical infrastructure, including transportation and communication networks, and investing in the new technologies R&D. As key tasks of investment policy in the context of inclusive growth, the priorities and mechanisms of social programs implementation are studied, among which are: (1) development of education, housing and communal services; (2) regulation of employment of the population. The hierarchy of regulatory legal acts in the investment sphere has been analyzed. The authors prove that the system of domestic investment legislation needs a significant revision in terms of combining disparate legal norms into a single logically structured set of regulations based on common goals and principles. Implementation of this measure, according to the authors, will serve as a key to achieving the investment policy goals, and ultimately, to promote inclusive growth and sustainable economic development.
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Acknowledgements
The research was supported by the Russian Science Foundation (Project № 23-28-01141 «Legal Mechanisms for the Protection of Individuals’ Rights in Remote Investment Transactions in the Internet Space»).
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Inshakova, A.O., Matytsin, D.E., Inshakova, E.I. (2024). State Regulation Policy in the Investment Sphere as a Key Factor in Ensuring Inclusive Growth and Sustainable Economic Development. In: Inshakova, A., Matytsin, D., Inshakova, E. (eds) Remote Investment Transactions in the Digital Age. Intelligent Systems Reference Library, vol 250. Springer, Cham. https://doi.org/10.1007/978-3-031-51536-1_1
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