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Asia-Pacific region: analyses of the creation and functioning of preferential economic regime zones

https://doi.org/10.24833/2073-8420-2020-4-57-32-39

Abstract

Introduction. The article analyzes the experience of creating and functioning zones of preferential economic regimes in the Asia-Pacific region. It is shown that in order to create better conditions for doing business on their territory, attract foreign and domestic investment, introduce innovative technologies, increase production volumes, increase the degree of localization and import substitution, increase exports of products and services, create new jobs. The APR countries are focused on the development and implementation of preferential economic regimes.

Materials and methods. The methodological basis for the study of the formation and functioning of zones of preferential regimes are General scientific methods (analysis, synthesis, analogy) and special methods for analyzing the enclave approach, the theory of growth poles and growth triangles. The materials of the Far East development Corporation and the Ministry of the Russian Federation of the Far East and the Arctic development on the analysis of the practice of applying preferential regimes operating in the territory of the Russian Federation and abroad were used.

Research result. The creation of preferential economic regimes with developed infrastructure in the last four decades in the Asia-Pacific countries has become a widespread practice that has allowed to expand the sales market, getting closer to the direct consumer, and minimize the costs associated with production and logistics through tax incentives and preferences.

Discussion and conclusion. The Russian Far East, which is part of the Asia-Pacific region of the world, is inferior to the economic zones of the Asia- Pacific countries in terms of infrastructure quality and logistics development. It is concluded that additional measures are needed to support preferential regimes, increase investment attractiveness and improve the investment climate to ensure the competitiveness of the Far East in the Asia-Pacific region of the world.

About the Authors

Yu. A. Levin
MGIMO-University under the MFA of Russia
Russian Federation

Yuri A. Levin, Doctor of Science (Economics), Professor of the Department of Economics and Finance, Odintsovo branch



A. O. Pavlov
Far East Investment and Exports Support Agency
Russian Federation

Alexander O. Pavlov, Director of the Project Management Department



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Review

For citations:


Levin Yu.A., Pavlov A.O. Asia-Pacific region: analyses of the creation and functioning of preferential economic regime zones. Journal of Law and Administration. 2020;16(4):32-39. (In Russ.) https://doi.org/10.24833/2073-8420-2020-4-57-32-39

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ISSN 2073-8420 (Print)
ISSN 2587-5736 (Online)