Abstract

The purpose of this article is to study the prospects for innovative development of the Russian region, namely the Republic of Tuva, not only with the state budget, but with the help of attracting foreign capital. The main sources are information on the socio-economic development of the Republic of Tuva, as well as materials from researchers of this problem. The article uses a statistical method, which assesses the socio-economic data of the region and gives the appropriate conclusions and recommendations for the prospects for innovative development. In the work, the author analyzed socio-economic data, investment activities in the region, strategies for socio-economic development, official information from structural divisions on the development of the region's economy. Based on the analysis, the possibilities of attracting foreign investors to the region were assessed. The current investment projects of the republic are shown, including with the involvement of Chinese companies where innovations can be introduced into the work. Statistical data on China's investments in the Russian economy are presented. Russia and China cooperate productively and attracting foreign capital for the innovative development of the economic systems of the Republic of Tuva can be effective. Proximity to the China and the availability of natural resources make the Republic of Tuva potentially attractive for china investment.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call