Abstract
Investment attractiveness is an urgent problem in the modern economy. Attracting investment remains one of the most critical tasks in regional economic activity. The investment attractiveness is relevant because the region’s improved investment attractiveness creates the conditions necessary for capital inflow and economic growth. However, to improve investment attractiveness, it is essential to develop an effective investment policy. The creation of an effective investment policy should begin with identifying the most attractive types of economic activities for investment. When choosing the type of economic activity for investment, the preference is given to the competitive sectors of the economy with minimal risk. The development of manufacturing sectors of the economy is essential for favorable economic growth. The development of manufacturing creates a strong impetus to economic growth. The paper analyzes various types of economic activities at the sectoral and regional levels. It also studies the interregional cooperation level to create integration ties between regions to formulate sectoral priorities for economic development as strategic guidelines for sustainable economic growth and investment. The paper reveals the relevance of the investment attractiveness for regions, analyzes the position on the investment attractiveness of the manufacturing sector of the regions of the Volga Federal District.
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