Investment and Production Cooperation Between the Countries in the Baltic Region: Current State and Problems

Abstract

In the article the author tried to focus on one of the key aspects of world economic development—the emerging regional multipolarity. The fact of modern progressive growth of Russian economy is undeniable; therefore, the author sees particular interest in the method of analysis of the place and role of European countries, transnational companies and national firms in the Baltic region in the sphere of investment and production cooperation with each other and with Russia. The scientific novelty of the work is determined by the author’s approach and the author’s method of research based on the combined use of comparative geographic, statistical, mathematical and historical-geographical methods, which make it possible to determine the current sectoral interests and preferences of the countries of the region, changes in the attitude of the different EU countries to each other, to Russia and various subjects of the regional economy. The analysis of the data presented in the article clearly indicates still insufficient use of Russia’s potential in the field of cross-border cooperation and in strengthening the country’s economic position in the Baltic region. In addition, it is now understood that the activation of cooperation between the EU and Russia in high-tech production spheres should be the main element of the interaction within the framework of investment and production and other integration processes in the Baltic.