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The necessity to create the system for innovation activity financing when producing trace metals in Russia

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  • A. F. Leshchinskaya
  • D. Z. Zakharova

Abstract

The article is dedicated to the problem of the innovative development of the Russian economy. It describes sequences of the 2008-2009 crisis for Russia and countries with developed economy and presents data of capital outflow. The trace metals production presents one of innovative direction of economy development. Trace metals present now one of the main components of innovation growth practically in all developed and developing countries. The study of different approaches to commercialize the financing of the projects is very important in trace metal production. The article presents different principal documents defining what financial resources are required when organizing innovative trace metals production. The trace metals distribution in the world and the domination position of PRC in the field is depicted. The data on research financing in Russia compared with other countries is demonstrated. Trace metals find a broad application in different branches and definitions “innovation economy†and “trace metals production†are closely linked. The trend of trace metals production in Russia and approximate financing volumes are presented.

Suggested Citation

  • A. F. Leshchinskaya & D. Z. Zakharova, 2015. "The necessity to create the system for innovation activity financing when producing trace metals in Russia," Russian Journal of Industrial Economics, MISIS, issue 1.
    • Handle: RePEc:ach:journl:y:2015:id:246
    DOI: 10.17073/2072-1633-2015-1-9-15
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