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ECO journal (ECOnomics and industrial Engineering)

2018 year, number 10

Foreign Investment in Buryatia

N. M. Sysoeva1,2
1Irkutsk Scientific Center SB RAS
2Sochava Institute of Geography SB RAS
Keywords: прямые иностранные инвестиции, иностранные предприятия, совместные предприятия, юридические лица, виды деятельности, офшоры, транзитная функция, инфраструктурные отрасли, Direct foreign investments, foreign enterprises, joint ventures, legal entities, types of activities, offshores, transit function, infrastructure industries


Foreign investment in Buryatia is analyzed through the activities of foreignand joint ventures. Comparison with other industrial regions of Eastern Siberia shows less importance of investing from abroad for GRP of Buryatia, prevalence of individuals among business organizers, less concentration of production, archaic structure by type of activity with the predominance of trade and construction.Industry is represented mainly by logging and mining. There are no activities related to modern technology. Such an industry structure hampers the flow of new technologies and the growth of human capital. The main donor countries for investment are China and offshores. Specificity of Buryatia is the registration of a significant number of Mongolian investors. Prospects for the growth of foreign investment are associated with the expansion of resource exports andthe development of the economic corridor China-Mongolia-Russia. It requires a purposeful policy of attracting investments into the technological areas of communications and transport and increase in the number of joint ventures to enlarge the share of profits left in the territory.