Russian special economic zones: prerequisites for the sustainable development

Igor Karachev

RUSSIAN SPECIAL ECONOMIC ZONES: PREREQUISITES FOR THE SUSTAINABLE DEVELOPMENT Russian special economic zones: prerequisites for the sustainable development

АА Аа

Published in Theoretical economics · Issue 10 · Pages 79–91 · Rubric: NEW INDUSTRIALIZATION: THEORETICAL AND ECONOMIC ASPECT

Received: 09.09.2023 Accepted: 26.09.2023 Published: 02.05.2024

Authors

Igor Karachev

ORCID

Igor Karachev

Academic degree: candidate of economic sciences

Science rang: docent

Yaroslavl State University Yaroslavl

ORCID

ABSTRACT

Special economic zones can be used for various economic and political purposes. However, they are not a panacea for the country’s all development problems. The nature of the issues determines whether the creation of special economic zones in general is justified. If structural conditions such as factor endowments, lack of skills, social and political instability impede investment, they themselves will constrain the establishment of special economic zones. Thus, the feasibility of zones depends on the context, and policymakers should have a clear understanding of the disincentives to investment and the usefulness of zones for specific purposes. The context, which should be taken into account in the development of zonal programs, is proposed to be explored in unity of three aspects: historical, institutional and productive. The article analyzes possible prerequisites and grounds for the formation of special zones of different functional types in Russia using the author’s algorithm.

KEYWORDS

special economic zone; zone programme; historical aspect; institutional aspect; production aspect; global competitiveness index; productive capacity index

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