THE IMPACT OF FOREIGN ECONOMIC ACTIVITY ON THE INVESTMENT ATTRACTIVENESS OF THE REGION

Abstract

The article considers the methodological aspects of assessing foreign economic activity at the level of individual regions of the country, highlights the advantages and disadvantages of some approaches. The authors conclude that at present it is advisable to develop a comprehensive methodology for assessing the effectiveness of foreign trade activities of the Kirov region and its investment attractiveness, which will minimize the shortcomings of existing approaches and comprehensively reflect the processes taking place in the region in the field of foreign economic activity. The paper justifies the necessity of assessing the foreign economic activity of the Kirov region on the basis of the principles of complementarity, cooperation and integration with other regions,the creation of synergy, and the expansion of spatially distributed chains. The study proposes to apply this methodological approach in the regional economy as an effective tool for modern socially oriented management of natural resources exploitation, development of science and education, creation of regional infrastructure to support export-oriented and import-substituting businesses.

Keywords

• foreign economic activity
• export
• import
• foreign trade activity
• investment activity
• investment potential
• investment attractiveness
• development