{"title":"The Role of Withdrawing Foreign Companies in the Economy of Russian Regions","authors":"R. Bobrovskiy","doi":"10.21686/2073-1051-2023-2-197-219","DOIUrl":null,"url":null,"abstract":"The article analyzes the role of foreign companies that announced their withdrawal from Russia after 2022 in the economy of the country as a whole, its industries and regions. The role of withdrawing foreign companies in industry is examined in more detail. The existing list of withdrawing foreign companies forms the basis of the analysis.Russian legal entities related with these foreign companies were selected. The financial indicators of these legal entities has been aggregated and compared with official statistics. The highest role of withdrawing foreign companies among sectors of the economy in the manufacturing industry and consumer and science-intensive services. Among industrial sectors – is in automotive, paper, tobacco and beverages industries, wood processing and some sub-sectors of mechanical engineering. In the regional context, the highest role of withdrawing foreign companies is in two types of regions: the largest cities and the automotive and wood processing regions. The withdrawal of foreign companies from the largest cities will affect previously on the technological development of industries and the economy as a whole. In the automotive and wood processing regions, the withdrawal of foreign companies is most critical for labor markets, especially if the region’s economy is small and undiversified.","PeriodicalId":30952,"journal":{"name":"Perspectives on Federalism","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Perspectives on Federalism","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21686/2073-1051-2023-2-197-219","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Social Sciences","Score":null,"Total":0}
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Abstract
The article analyzes the role of foreign companies that announced their withdrawal from Russia after 2022 in the economy of the country as a whole, its industries and regions. The role of withdrawing foreign companies in industry is examined in more detail. The existing list of withdrawing foreign companies forms the basis of the analysis.Russian legal entities related with these foreign companies were selected. The financial indicators of these legal entities has been aggregated and compared with official statistics. The highest role of withdrawing foreign companies among sectors of the economy in the manufacturing industry and consumer and science-intensive services. Among industrial sectors – is in automotive, paper, tobacco and beverages industries, wood processing and some sub-sectors of mechanical engineering. In the regional context, the highest role of withdrawing foreign companies is in two types of regions: the largest cities and the automotive and wood processing regions. The withdrawal of foreign companies from the largest cities will affect previously on the technological development of industries and the economy as a whole. In the automotive and wood processing regions, the withdrawal of foreign companies is most critical for labor markets, especially if the region’s economy is small and undiversified.
期刊介绍：
Perspectives on Federalism is an Open Access peer-reviewed journal, promoted by the Centre for Studies on Federalism. This initiative follows the Bibliographical Bulletin on Federalism’s success, with an average of 15000 individual visits a month. Perspectives on Federalism aims at becoming a leading journal on the subject, and an open forum for interdisciplinary debate about federalism at all levels of government: sub-national, national, and supra-national at both regional and global levels. Perspectives on Federalism is divided into three sections. Along with essays and review articles, which are common to all academic journal, it will also publish very short notes to provide information and updated comments about political, economic and legal issues in federal states, regional organizations, and international organizations at global level, whenever they are relevant to scholars of federalism. We hope scholars from around the world will contribute to this initiative, and we have provided a simple and immediate way to submit an essay, a review article or a note. Perspectives on Federalism will publish original contributions from different disciplinary viewpoints as the subject of federalism requires. Papers submitted will undergo a process of double blind review before eventually being accepted for publication.
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