Competition in investments becomes an increasingly important factor and states have to compete with each other to attract them.

26 february 2014 | Finmarket

On February 25, 2014, the multi-authored monograph “World Economy in the Early XXI Century” was presented at the Analytical Center. This monograph was written by the group of employees and experts of the Analytical Center together with specialists from the Faculty of World Economy and International Affairs of the National Research University – Higher School of Economics, and the Council for Foreign and Defense Policies.
The information agency “Finmarket” quoted Mr. Alexander Kurdin, Head of the Directorate for Strategic Studies in Energy at the Analytical Center, who mentioned while presenting his part of edition: “If in the past, states had the monopoly on use of force and collection of taxes, etc., now the competition in investments becomes an increasingly important factor and states have to compete with each other to attract them”.
According to the expert, on the one hand, competition is a key element of the market mechanism, and, in theory, globalization must have a positive effect to competition development. However, on the other hand, competition in global markets is not always perfect. “Trade barriers, competitive barriers are removed, but a global protection of competition doesn’t exist”, - Mr. Kurdin said.

Alexander Kurdin
Alexander Kurdin
Department for Strategic Studies in Energy