The Investment Crisis

State investment policy is simultaneously a very important part of and a leading instrument for the implementation of socioeconomic policy. It can in general be defined as the aggregate of principles regulating the movement of investment resources for the purpose of carrying out the socioeconomic tasks of the agent implementing this policy (direct investment can also be made by someone else). In other words, the nation's central organs set the basic directions and priorities of application of investment resources in accordance with immediate and long-range tasks of national economic development. Nonstate investors have a certain degree of freedom of choice in the realization of their interests within the framework of state investment policy in a market economy.