Entrepreneurial potential in the Far East is strongly undercapitalized

But in order for this approach to work, it is necessary to spend money on the justification and structuring of such projects. The main problem, in my opinion, is the limited ability of local authorities to attract investment in fulfilling their obligations to develop infrastructure. This also exists for subjective reasons (lack of qualifications and political attitudes, lack of experience of such projects), and for objective reasons - the development of infrastructure is torn between natural monopolies, regional and municipal authorities, and is difficult to coordinate. It is difficult, but when even the simpler mechanism of the Investment Fund of the Russian Federation in its current form worked, within three years the subjects of the Russian Federation coped with the launch of such an activity - and the projects started. There are proposals to improve the efficiency of this form of development by, for example, identifying the Far East Development Fund as the only concessionaire who would take the brunt of developing and linking infrastructure development to industrial investors and budget planning issues and leaving the project after financial closure. - attracting a strategic infrastructure investor and project financing.

The question of guarantees - who guarantees? It is the role of the state to coordinate and organize economic development. But within the framework of the proposed model, it is not invested in the development of industrial projects, but private investors - they should assess their risks of selling products and developing projects. The state's risk in creating infrastructure for future economic growth can be managed only by the compaction and complexity of the industry, which develops on the basis of this infrastructure - accordingly - territorial planning, economic preferences for trade development, attracting new categories of investors. The state has a vertical, here it should be able to manage these risks. In addition, with 80% of the opportunities for economic growth in the Far East, the risks of this development are supported by the entire economy. The reserve fund, in fact, is also just for such risks of falling budget revenues.

There is such a term - "gazelles" - small and medium-sized businesses that are effectively developing. They have their own innovative competence: managerial, marketing, technological, and other competitive advantages that they develop, at the expense of which they promote the new enterprise and its products or services. In addition to this five-point Macro-region, at least we need to give these "gazelles", both local and European-qualified qualified entrepreneurs, the opportunity to earn money by developing their production in the Far East, based on the fact that they Will export to the Asia-Pacific markets. Bukharin's "enrich" has not been canceled - gazelles should be able to capitalize cheaply with a rigid linkage for enrichment through the growth of their business in the Far East and the Asia-Pacific region.