Russian Federation
2022 was a turning point for the Russian economy. In the context of geopolitical risks of full-scale investments, a complete outflow of foreign capital, collapsed value chains, inevitable and future decisions to review the effective management of structural transformations in the economy, reformatting or abandoning the partial effectiveness of development institutions. In modern realities, an unbiased analysis of the prospects for the operation of special economic zones (SEZs), which are a widely used tool for regional economic development responsible for creating an investment climate, is needed. This paper assesses the effectiveness of a number of SEZs, outlines the economic root causes of their insufficient budgetary efficiency, presents a point of view on the applicability and functionality of this institution in modern realities, and outlines the problems of state management of structural transformations in the economy using the example of SEZs.
special economic zones (SEZ), development institutions, preferential regimes, foreign investment, tax incentives
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