Foreign investments in the regions of the Republic of Belarus: dynamics, influence on employment and prospects
Keywords:
foreign investments, regional development, labor market, competitiveness, investment climate, BelarusAbstract
The aim of research is to analyze the investment attractiveness of the regions ofthe Republic of Belarus, to assess the relationship between foreign investment and employment, and to identify promising areas of regional attractiveness.
Materials and methods: The theoretical basis for the research was the works of domestic and foreign authors related to the categories of “investment”, “regional economy”, “employment” taking into account the impact-rating of economic journals (for example, according to the indicators of 2024 the journal “Regional Economy” entered the third quartile (Q3) in the category “Area Studies”). The system approach, the method of comparative and correlation analysis, analogies, scenario forecasting, analytical assessment were applied.
Results. The article analyzes the attraction of foreign investments to the regions of Belarus, their impact on economic development and the labor market. The key trends in investment activity over the past two decades have been considered, regional imbalances have been identified, and areas for improving investment policy have been identified. The research is based on the provisions of the National Security Concept of the Republic of Belarus, the National Strategy for Sustainable Development of the Republic of Belarus until 2040, as well as the academic works of Belarusian scientists, including V.I. Belsky, P.N. Pekutko, A.G. Bobrova, T.S. Vertinskaya, V.S. Fateev, A.I. Luchenok, D.V.Mukha, N.P. Dragun, K.S. Bichik and others.
Conclusions. The conclusions obtained as part of the comprehensive analysis made it possible to identify priority areas of investment attractiveness of the regions of the Republic of Belarus, identify controversial issues in the interconnectedness of investment and employment, and stay ahead of trends in attracting investment at the regional level.
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