Non-Arctic Countries of Asia and Russia: Investment Collaboration in the High North

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Author(s): Mikail Khudzhatov (Peoples' Friendship University of Russia, Russia)
Copyright: 2019
Pages: 22
Source title: Handbook of Research on International Collaboration, Economic Development, and Sustainability in the Arctic
Source Author(s)/Editor(s): Vasilii Erokhin (Harbin Engineering University, China), Tianming Gao (Harbin Engineering University, China)and Xiuhua Zhang (Harbin Engineering University, China)
DOI: 10.4018/978-1-5225-6954-1.ch009

Keywords: Business Science Reference / Economics and Economic Theory / Environment & Agriculture / Sustainable Development

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Abstract

The Arctic is characterized by a significant potential in terms of mineral resources, raw materials, hydrocarbons, and energy. In the North, mining and extractive industries are booming, but the expansion of exploration in the severe climate conditions requires the use of advanced technologies, many of which have not been developed and adopted in Russia. For this reason, there is a need to promote investment activity in the Arctic. This chapter discusses the most effective customs instruments for the attraction of foreign investments, identifies critical problems in the sphere of development of investment collaboration between Russia and non-Arctic countries of Asia (China, Japan, and the Republic of Korea), and offers practical solutions in the field of investment collaboration in the High North.

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Non-Arctic Countries of Asia and Russia: Investment Collaboration in the High North

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