Scientific journal
Научное обозрение. Экономические науки
ISSN 2500-3410
ПИ №ФС77-57503

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THE IMPACT OF THE INVESTMENT ACTIVITY ON THE EXPORT POTENTIAL AND THE DEVELOPMENT OF PROMISING INDUSTRY CLUSTERS OF KABARDINO-BALKAR REPUBLIC

Ballieva K.Y. 1 Guzieva L.M. 1 Azamatova R.M. 1
1 Federal State Government-financed Educational Institution of Higher Professional Education «Kabardino-Balkarian State University»
The integral impact of the investment on the scale and structure of foreign trade depends on the ratio of direct and indirect effects. In principle, the investments, following the commodity export, can replace it at a single product. However, at the level of the overall economy and its major sectors this actually does not happen. In practice the effect of trade expansion connected with the direct investment is usually greater than the effect of substitution. Moreover, the direct investments involve changes in the structure of export delivery by increasing the share of intermediate products in comparison with finished products. The export potential of the republic is determined primarily by the state and level of development of traditional sectors of the economy - industry and agriculture. The fastest growing today are food industry, machinery and non-ferrous metallurgy. These branches mainly provide the growth of industrial production. In these industries, as well as in light industry 20 investment projects are carried out.