CONTENTS

Volume 7, 2003

Investment MARKET

Victor MOSKVIN. Safety factor of quality in competition

It is important for professional investors and bankers to understand the efficiency of quality control in an investment project they are going to finance, otherwise they run the risk of financial failure.

Elena ROMANOVA. American-Japan investment cooperation at the century break: trends and prospects

Capital export as direct investment is a specific feature of the world economy in the last decade of the past century. It is connected with the economy globalization and the forming of the world production system. The USA plays here a very important part because the recipient countries run short of resources and are inexperienced in capital management.

Investment TECHNOLOGIES

Yana DERYABINA. The system analysis of the state management of investment

The state management system is analyzed through the consistent description its elements and their interconnection, as well as its subsystems and ambient components.

Munim HASANOV, Hushnazar SAIDHOJAEV. Tajikistan investment complex: its evaluation and efficiency analysis at the century break

The criterion used for evaluation and analysis of the investment complex efficiency is the volume of investment in fixed capital. This method is not precise enough as the volume is an absolute value and the efficiency a relative one. So the effect achieved is not commensurable with the expenses required. The authors offer their own system of criteria and values verified by the example of Tajikistan.

Innovation

Sergei OSTAPUK, Nina KUNDINA, Victor KONONOV. Expertise and analysis mechanisms for determining interstate strategic priorities of innovative development of the science and technology complexes in the CIS countries

It is acknowledged in large that a national economy competitive power on world markets depends on the development and implementation of large-scale innovation programs and projects. Such a way of innovation in the economy demands for considerable long-term investments. This way of innovative development can be supported by the interstate innovation programs where the state budget allocations and outside sources are focused on the most promising R&D . The authors consider some problems and guidelines of establishing mechanisms of formal description and determining the priority of interstate strategic innovations in the CIS science and technology complexes.

Dimitry PISKULOV. Innovation policy effects on the state competitiveness on the world markets

Nowadays the innovation becomes a significant factor affecting a national economy competitiveness. The innovation power can be used in its full rate only provided that a determined innovation policy is pursued both by the state and the TNC. This is particularly important for Russia possessing the great innovation potential which is underused because of the lack of an adequate innovation policy.