Organizational and Economic Mechanisms to Develop Joint Business in the Stavropol Region of Russia

Abstract

The emergence of joint ventures in Russia is due to the economic transformations that have arisen with the development of forms of entrepreneurial activity, which stimulates the attraction of foreign investment in the economy. A joint venture is one of the most important subjects of the economic process. During this process, innovative technologies necessary for production and management emerge, and markets develop. The development of joint ventures can be the solution to many socio-economic problems. A joint venture is an integral part of public order, including generally recognized measures of interaction between people, the elimination of social inequality, and the formation of a rational, sectoral, and territorial structure of the economy. Based on the preceding, a joint venture is considered one of the factors for strengthening and developing an efficient business environment, providing markets with goods and services, paying taxes to regional and local budgets, reducing unemployment, strengthening the position of the middle class, increasing wages, and stimulating the growth of investment costs.