The role of the state in the investment process
The article analyzes current issues related to the efficiency of investment. Noted imperfection of investment in the Russian economy. Differences between centralized government and private corporate investment, the reasons for the lack of investment from all sources. Necessity of development of the domestic demand for domestic goods as an obligatory condition for the rapid growth of private investment. To accelerate growth needed the concentration of available investment resources, including centralized, on those economic areas which are able to provide the maximum increment of effective domestic demand for domestic goods. The group is critical to the economy and population of goods, who have high competitiveness and can be produced in Russia. They sure will buy, especially when adequate credit support from the banking system. The task of the State, probably, that is, through directed and quite extensive in nature of capital investment to eliminate the existing imbalances developing domestic market, form the resource base of private investment. The risks of lending investment projects must be shared between the State institutions, providing resources, and ordinary commercial banks. The State must assume part of the investment risks. The prospects of a unified integrated system of effective national private investment through proper interaction between the Bank of Russia, the development of commercial banks and institutions of Government, a system in which every participant has a clear function and executes it perfectly.