The Structure of Foreign Investment: Russian Knowledge-based Economy

Galina A. Untura
(Novosibirsk State University, Department of Economical Management, Russia)

Abstract: Foreign capital promotes to globalize knowledge-based economy in many countries and in Russia. Shown the structure and trends of foreign capital which is appeared in Russia recently in order to develop science and high tech industries which use materialized knowledge on up-to-date stage. Revealed that foreign investors until now channel insufficient investment in high risky innovation sphere of Russia. Examined the composition of investment both for “input” in knowledge-based economy which is presented by the sector of higher education, research and development, software development where new knowledge is worked out and distributed, and for “output” which involves the sector of high tech and medium tech industries using innovation in real sector of economy and society providing economic growth.

Key words: knowledge-based economy; high tech industries; foreign investment

JEL codes: O14, O3