To the question on the role of foreign investments within the system of international economic relations: legal perspective

Abstract

This article examines the question on the role of foreign investments within the system of international economic relations from the perspective of law. The author analyzes the main and auxiliary goals of an investor and the country-recipient of foreign investments and the country of origin of the investments. The legal-economic concept of “investment/foreign investment” is viewed considering the author’s opinion that investments as such are multifunctional. Different understanding in this regard underline the various aspects of the phenomenon; thereat, the legislators of different countries are guided by their teleological reasons, while representatives of the doctrine – by affiliation to one or another scientific specialty (or school). The scientific novelty lies in articulation of the problem, as well as the approaches towards its studying. The new data regarding the records and information on the role of foreign investments within the system of international economic relations are introduced into the Russian-language discourse. The conclusion is made that the foreign investments are characterizes by versatile functionality, expansion of which is substantiated by the needs of the country-recipient of investments along with the country of their origin.