Interregional Investment Projects: Complexities of Law Enforcement, Limitations, Challenges

Abstract

In the article the main approaches to interregional cooperation in the investment area are analyzed. The article emphasizes the need to intensify efforts to build interregional links in order to achieve the common goals and objectives of social and economic development of the regions that are facing each of the constituent entities of the Russian Federation. It is suggested to analyze the values of the main indicators of the development of territories not only as a separate region, but also in terms of their influence and contribution to the development of the macroregion. During the study the current situation in the regions of the Russian Federation (by federal districts) was assessed. Such methods of research as analysis and comparison of key social and economic indicators together with legal acts of some regions of Russia were applied. At the same time, the paper touches upon international experience in the development and implementation of successful projects in the framework of “mega-regions”. Besides, the practice of interregional projects realization in Russia is being assessed. The main purpose of the work is to study the management of the region’s development through a set of measures used in the territory of a single constituent entity of the Russian Federation alongside with taking into account the possibilities for interregional cooperation, which are provided by the macro-region. The expediency of making changes to the existing laws and regulations, as well as the introduction of platforms of digital technologies for the coordinated management and development of the regional economy, is mentioned. As a result, it is suggested to strengthen the overall work to achieve the key goals and objectives of the regions through interregional cooperation, including the creation of joint investment agencies, the formation of a legislative framework, as well as a platform for the development of joint proposals and their promotion to the federal level.