| Summary: | 碩士 === 銘傳大學 === 國際事務研究所碩士班 === 95 === This study evaluates the importance of innovation FDI to a knowledge-based economy and the FDI spillovers effect on national growth. As a sample, after FDI inflows were doubled in the period from 1997 to 2004, as a consequence China had more than doubled its percentage of GDP to be invested in R&D from 0.6% to 1.3%, and this would certainly indicate that FDI can play an important role in China’s economic growth. This study will first review the main directions of economic thoughts in the fields of FDI, innovation and national economic growth, and then develop short and long term recommendations of policies for the purpose of improving current innovation system of Russian Federation.
Case studies of science park and special economic zone will also be undertaken to demonstrate the significance of investing in technology for regional development. In fact, there are certain similarities behind the movement of switching to market economy therefore; it should be helpful to apply China’s positive experience to draw the right national policies for Russia.
In the era of globalization, countries with transition economy like Russian Federation must create a competitive environment and favorable investment climate. Therefore, it is necessary for Russia to develop existing legislation, in particular laws on international investment, and to organize and approve international agreements on incentive and mutual protection of capital investments and avoidance of double taxation. Regional government should also improve industrial structure and encourage collaboration between scientific institutions and commercial firms providing marketing consultation services.
In the meantime, improvement of life quality of Russian population through national programs in such fields as health, housing, education and environment protection should also be necessary for accumulating human capital. Finally, as it will be suggested from this study, the long-term aim for Russian economy is to switch from a raw materials economy to an innovation economy and knowledge-based society.
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