STATE INTERVENTION IN THE INVESTMENT PROCESS AND ECONOMIC DEVELOPMENT: A CLASSICAL AND NEOCLASSICAL APPROACH
Investments ensure the dynamic development of the enterprise and allow us to solve such tasks as expanding our own business activities by accumulating financial and material resources, acquiring new enterprises, and diversifying activities due to the development of new business areas. The investment process is a process of simple or extended reproduction of the means of production. The article gives a theoretical analysis of the evolved views system on the need for state intervention in the processes of the country economic development and investment in classical and neoclassical economic theory. This scientific issue has been discussed by theorists of economic thought since the 17th century, increasing its importance since the formation of European large-scale industry in the early 18th century. In the 21st century, the issue of state intervention becomes especially relevant for developing countries.