COMMONWEALTH OF INDEPENDENT STATES: TRANS-ASIAN DEVELOPMENT CORRIDOR

Vyacheslav KOMAROV

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Vyacheslav Komarov, Ph.D. (Econ.), co-chairman, CIS Leasing Confederation, directorate head, Economic Policy Department, Moscow Government (Moscow, Russia)

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The current importance of developing investment activity in the economic space of the CIS states is determined by the complicated problems that have arisen in mutual economic relations in connection with the breakup of the U.S.S.R. and the establishment of a Commonwealth of Independent States by 12 FSU republics. The disruption of their former technological-cooperation, infrastructural, trade, social and technological-information ties has led to the emergence of totally new political and economic realities in the post-Soviet space.

The establishment of the CIS resulted from an awareness of the need to continue cooperation in order to preserve at the transition stage the economic, technological and infrastructural potentials of the newly independent states. The development of interstate (cross-border) investment activity could become a key aspect of their effective interaction designed to end the economic crisis and to stabilize and boost their national economies.

The protracted investment crisis in the CIS is the main obstacle in the way of transition to a new stage, the stage of economic growth and fundamental structural changes in the Commonwealth countries.

Investment activity in each CIS state crucially depends on the possibilities and behavior of domestic investors. At the same time, the…………………

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