ISSN 2409-7616

Kinzyabulatova G.I., Elkina L.G.



UDC 339.31

Kinzyabulatova G.I.1 (Ufa, Russian Federation) – E-mail:, Elkina L.G.1 (Ufa, Russian Federation) – E-mail:

1Bashkir State University

Abstract. In modern conditions of increased competition on the world stage, the development of an innovative economy based on knowledge allows opening up new opportunities and growth prospects for the national economy. Countries strive to take a leading place in the global innovation market using their competitive advantages. The acceleration of technological development of mankind increases competition in the world market, in connection with which potential competitors of Russia are not only the leading technologically developed countries, but also other developing countries. In addition, the transition of the countries of the technological core of the 5th order (Japan, USA, Germany etc.) to the next life, and the development of technology the search of alternative energy sources, reduction of prices for hydrocarbons will force Russia, which specializiruetsya on energy exports, the search for new sources of economic growth. In this regard, it becomes relevant to develop mechanisms to achieve a balanced development of innovation and investment activities. The article identifies the elements of a balanced development of the innovation and investment process. The indicators of the external resource balance of the Russian Federation are considered. In conclusion, based on the analysis carried out and the identified problems, the priority areas of activity necessary to achieve a balanced development of the innovation and investment process in Russia are outlined.

Keywords: innovative activity, investments, technological way of life, standard of living of the population.


  1. Baranchikov E.V. World Oil Industry Corporation. Available at:  (accessed 25 October 2021)
  2. Vasiliev A.V., Urinson Ya.M. The state, problems and prospects of intellectual property in the Russian Federation. BUSINESS. SOCIETY. POWER, 2020, no. 2-3(36-37), pp. 8-19 (In Russian). URL:
  3. Gainanov D.A., Klimentyeva A.Yu. Development of the regional innovation subsystem based on the model of imbalances. Theoretical and applied economics, 2018, no. 2, pp. 91-99 (In Russian). DOI: 10.25136/2409-8647.2018.2.25867
  4. The Environmental Performance Index (2020). Center for Environmental Policy and Law at Yale University. Available at:  (accessed 19 November 2021)
  5. Kinzyabulatova G.I. Balanced development of the region: a condition for the transition to an innovative development model. Economics and management,  2020, no. 4(154), pp. 53-57 (In Russian). URL:
  6. Kinzyabulatova G.I. Models of balanced development of innovation and investment activity. Ufa, Bashkir State University Publ.,2020, pp.117-120 (In Russian). URL:
  7. Miller A.E., Reutova T.I. Assessment of the state and development of production technologies in the manufacturing industry. Bulletin of the Siberian State Automobile and Road University, 2018, no. 1(59), pp.132-140 (In Russian). URL:
  8. Nalivaichenko E.V. The development of the digital economy in the context of globalization.  Monograph. Simferopol, IT ARIAL Publ., 2019, 276 p. URL:
  9. Science and innovation. Statistical bulletin of Rosstat. 2021. Available at:  (accessed 29 October 2021)
  10. Parfirova A.A., Kryukova A.A. Methods of assessing the economic efficiency of innovative projects. Economy and society, 2017, no. 1-2 (32), pp. 1739-1746 (In Russian). URL:
  11. Turning to nature: Russia’s New Environmental Policy in the context of the «green» transformation of the world economy and politics: a report on the results of a series of situational analyses. Available at:  (accessed 25 November 2021)
  12. Budget expenditures // Unified portal of the budget system of the Russian Federation Available at:  (accessed 19 November 2021)
  13. Financing of science in numbers. Available at:  (accessed 25 November 2021)
  14. Shevchenko O.Yu., Ushanly V.A. Ecological equilibrium and its global advantages in the field of planning and management of urban territories. Journal Economics and Ecology of Territorial formations, 2017, no. 2 (1), pp. 27-30 (In Russian). URL:
  15. Shirov A.A. Using the growth potential of the Russian economy to achieve the goals of society’s development. Scientific works of the Free Economic Society of Russia, 2021, vol. 230, no. 4, pp. 113-120. (In Russian). URL:
  16. Shmigol N.S. International experience in the application of measures and instruments of budgetary policy to stimulate economic growth. Financial life, 2020, no. 3, pp. 78-81. (In Russian). URL:
  17. Efficiency of the Russian economy. Statistical bulletin of Rosstat. 2021. Available at:  (accessed 29 October 2021)
  18. Yakovleva-Chernysheva A.Yu., Kapustin S.V. Man and human capital: the role in the economy of the XXI century . Management and economy in the XXI century, 2020, no. 1, pp. 4-9. (In Russian). URL:
  19. Yakovlev I.A., Kabir L.S., Nikulina S.I., Rakov I.D. Financing “green” economic growth: concepts, problems, approaches. Scientific Research Financial Institute. Financial journal, 2017, no. 3 (37), pp. 9-21. (In Russian). URL:
  20. Yashchuk A. Human capital or labor resources?  Banking bulletin, 2020, no. 3 (680), S. 114-118. (In Russian). URL:

For citation:

Kinzyabulatova G.I., Elkina L.G. Ensuring balanced development of innovation and investment processes in the Russian Federation. CITISE, 2022, no. 1, pp.91-107. DOI: