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Investment strategy of Municipality

Abroskina Julia   (Ph.D in Economics, Associate professor, the Department of Economics, Economical and Mathematical Methods and Information Science, Obninsk Institute for Atomic Power Engineering – Branch of the National Nuclear Research University «MEPI»)

The article considers the necessity, nature and efficiency of development of investment strategy of municipality. At present municipalities experience a serious lack of funds to finance the most urgent projects: reconstruction of buildings and roads, development of pre-school and school education, health care. Taxable base of districts and municipalities is very limited: part of income and property tax on individuals. This doesn’t contribute to the investment activities of municipal authorities. However, municipalities don’t have a better way to maintain social economic stability than to create maximal employability in highly paid jobs. It is to be achieved by implementation of multiple investment projects, which requires strategy. The article looks upon the investment strategy as an activity of balanced systematic character and creation of mechanisms to attract and realize investments. The article looks upon the investment strategy as an activity of balanced systematic character and creation of mechanisms to attract and realize investments. The article looks upon the investment strategy as an activity of balanced systematic character and creation of mechanisms to attract and realize investments. The major managerial effect is transition from situational response to social-economical challenges to systematic efforts aimed at developing sustainable regional economy based on investments and innovations.

Keywords:economy of municipalities, underfinancing, investment strategy, sustainable development, investment-innovative basis of municipality.

 

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Citation link:
Abroskina J. Investment strategy of Municipality // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2014. -№07-08. -С. 11-15
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