Abstract
An advanced economy is characterized by rising productivity at home and relocation of specific production processes to countries with better factor conditions through FDI and global sourcing. Burdened by the total collapse of domestic production and the replacement of domestic products by imports, the Russian economy is still very far from this stage.
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Notes
The economic problems Dutch policy-makers were confronted with at that time are referred to as ‘Dutch disease’. See also T. Barker and V. Brailovski, Oil or Industry? Energy, Industrialization and Economic Policy in Canada, Mexico, the Netherlands, Norway, and the United Kingdom, 1981.
About the need for policy guidance in industry, see also ‘Kagda rynku nada pamogat’ [When it is indispensable to support the market], Expert, 6 October 1997, pp. 12–15; A. Martynov, ‘Aktivisatsyia investizionnoi politiki’ [Activization of investment policy], Ekonomist, no. 9, 1997.
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© 2000 Paul Fischer
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Fischer, P. (2000). Strategic State Guidance for FDI. In: Foreign Direct Investment in Russia. Palgrave Macmillan, London. https://doi.org/10.1057/9780333977590_11
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DOI: https://doi.org/10.1057/9780333977590_11
Publisher Name: Palgrave Macmillan, London
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