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Features of Russian and Chinese Direct Investments in Kazakhstan

Author

Listed:
  • Alexander Victorovich Petrov

    (Saint-Petersburg State University)

  • Maria Sergeevna Baynova

    (Moscow Financial and Industrial University ‘Synergy’)

  • Jialihasi Jiaerheng

    (Moscow State University named Lomonosov)

Abstract

The purpose of the article is to analyze the results of current theoretical and empirical studies of the socio-institutional environment of Russian and Chinese direct investments in Kazakhstan. One of the features of foreign direct investment is the fact that foreign investor companies are always forced to adapt as effectively as possible to the socio-institutional environment of the country where they invest funds. Foreign direct investment is an important factor in the modernization of production and economic development, can contribute to the growth of employment and income of the population. In fact, they show how much foreign investors trust the economy of a particular country, and for Kazakhstan it is also an important indicator of the role of Russia and China in its modern economic development. The results of modern investment research allow us to conclude that there is increasing competition between Russia and China in the promotion and implementation of investment projects in Central Asia and Kazakhstan. However, the success of these projects depends not only on the effectiveness of the efforts of governments and corporations aimed at promoting them in the region as a whole, but also on how these investments are perceived by the Kazakh society. The article analyzes the different points of view of modern Kazakh, Russian, Chinese and Western researchers analyzing the specifics of the relationship between society and business with the state in the globalizing economy of Kazakhstan, economic and historical factors, socio-institutional aspects of reducing compliance risks and features of labor organization that determine the stability and sustainability of economic development

Suggested Citation

  • Alexander Victorovich Petrov & Maria Sergeevna Baynova & Jialihasi Jiaerheng, 2022. "Features of Russian and Chinese Direct Investments in Kazakhstan," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 148-167.
    • Handle: RePEc:far:spaeco:y:2022:i:1:p:148-167
    DOI: https://dx.doi.org/10.14530/se.2022.1.148-167
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    References listed on IDEAS

    as
    1. Egor Vadimovich Pak, 2021. "Rethinking Chinese involvement in infrastructure building in Russia and Kazakhstan under the Belt and Road Initiative," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 1, pages 93-105, January.
    2. Aislu Taisarinova & Giuseppe Loprencipe & Madina Junussova, 2020. "The Evolution of the Kazakhstani Silk Road Section from a Transport into a Logistics Corridor and the Economic Sustainability of Regional Development in Central Asia," Sustainability, MDPI, vol. 12(15), pages 1-20, August.
    3. Nurilya K. Kuchukova & Lyazzat A. Talimova, 2019. "Financial and Economic Development of Kazakhstan: Implementation of Investment Opportunities," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 108-125, December.
    4. Mohsin Habib & Leon Zurawicki, 2002. "Corruption and Foreign Direct Investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 33(2), pages 291-307, June.
    5. A. V. Kuznetsov, 2017. "Limits Of Interaction Of Russian And Chinese Business In The Countries Of Eurasian Economic Union," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 10(5).
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    JEL classification:

    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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