Ограничительная монетарная политика-препятствие для прямых иностранных инвестиций // Вестник Московского университета. Серия 6: Экономика. 2024. Т. 59, № 4. С. 49-65. DOI 10.55959/MSU0130-0105-6-59-4-3.
ISSN 0130–0105
This article examines some acute problems of Foreign Direct Investment (FDI), Monetary Policy and Inflation. Following a long declining trend, global FDI flows decreased in 2023 and remaining below the indicator of 2007, that is pre-global financial crisis level. According to international organizations, FDI flows were negatively affected by high interest rates, unfavourable financing conditions and situation on capital markets. The article considers the role of restrictive monetary policy alongside the theoretical aspects of global inflation. The author argues that the drop in international investment, in particular, can be attributed to Restrictive Monetary Policy in many countries. Restrictive Monetary Policy seems to underestimate the inflationary role of imperfect competition, the rise of prices for imported energy and food, the fluctuations of currency rates as well as expectations of the micro-level participants. The article provides certain economic recommendations to Russia’s regulators on Monetary and FDI Policy. In future the Bank of Russia may gradually move from Restrictive Monetary Policy to Expansionary Monetary Policy to provide stimulus for FDI. Also, this article summarizes the process of predicting future condition of the world economy in applying Kondratieff’s approach. The author concludes that it is necessary to continue studying the long wave theory with the aim of its further use in forecasting the events in Russia and worldwide.
Keywords: foreign direct investment | global value chains | GVCs | monetary policy | inflation | economic forecasting | Kondratieff long waves |
Russian Science Citation Index
OTHER PUBLICATIONS ON THIS TOPIC
Tatuzov Viktor
Динамика ПИИ: анализ и прогнозирование // Научные труды Вольного экономического общества России. 2023. Т. 240, № 2. С. 66-86. DOI 10.38197/2072-2060-2023-240-2-66-86.
Varnavskii Vladimir
The EU and Russia in Global Value Chains
Varnavskii Vladimir
The EU and Russia in Global Value Chains
Tatuzov Viktor
Foreign Direct Investment and Industrial Policy (Based on Examples of Certain Countries)
Tatuzov Viktor
Использование и регулирование прямых иностранных инвестиций: новая парадигма // Вестник Московского университета. Серия 6. Экономика. 2023. Т. 58, № 5. С. 25-42. DOI 10.55959/MSU0130-0105-6-58-5-2.
Chudinova Ksenia
Global Value Chains Transformation and the COVID-19 Pandemic: Solutions and Strategies of American MNEs
Tatuzov Viktor
Актуальные проблемы российского экспорта прямых иностранных инвестиций: денежно-кредитные механизмы // Экономические стратегии. 2024. № 5. С. 50-55. DOI 10.33917/es-5.197.2024.50-55.
Komova Anna
German Monetary and Exchange Rate Policy of the “Economic Miracle”: Growth or Stabilization
Podkolzina I.
The Effect of Asset Values on Monetary Policy / Podkolzina Inna
Varnavskii Vladimir , Dunaev B., Kirilenko L.
Cycles in the Russian Economy
Kondrat’ev Vladimir
Industry 4.0 and Global Value Chains
Kondrat’ev Vladimir
Global Value Chains, Industry 4.0 and Industrial Policy
Shultseva Vera
World in porthole: smart value chains. Part 2. Innovative egoism
Zhukova Tatiana
The Role of Credit Expansion in Spain’s Economic Miracle: Aspects of Inflation
Shultseva Vera
Earth in porthole: smart value chains. Part 1. Sharing, uniting... and conquer!
USA: Opportunities and Limits of Economic and Political Leadership. In 2 vv. / Voitolovsky F.G., Kirichenko E.V., eds. – Moscow, IMEMO, 2016–2017. ISBN 978-5-9535-0483-6 Vol. 1 / Kirichenko E.V., ed. – Moscow, IMEMO, 2016. – 240 p.
Tatuzov Viktor
Анализ притока ПИИ в экономику России с учетом ряда глобальных тенденций // Экономические стратегии. 2021. Т. 23, № 5 (179). С. 96-101. DOI 10.33917/es-5.179.2021.96-101.
Resources-based modernization model: opportunities and constraints / Kondratiev V.B., ed. –Moscow, IMEMO, 2020. – 245 p.
Podkolzina Inna
Anti-crisis policy of the eurozone monetary authorities.
Kupina Lyudmila
Торговля Республики Корея со странами Центральной Азии в XXI веке // Проблемы Дальнего Востока. 2021. № 1. С. 60-75. DOI 10.31857/S013128120012758-4.
Related publications
No comments