Viktor Yurievich Tatuzov

The article examines certain pressing problems of Foreign Direct Investment (FDI) and considers many international trends including such as a long-term trend towards a decreasing role of FDI movement and a relative decrease in the role of global value chains (GVCs). The author provides a non-customary approach to the study. The author argues that many negative trends are interconnected, in particular with high global instability together with other well-known factors. The article pays particular attention to the experience of certain countries (Japan, Brazil, Mexico, South Korea) in the field of FDI import and import substitution. Drawing on the experience of these countries, the author suggests certain economic recommendations to Russia’s regulators. The review attempts to rethink the role of FDI, GVC, import substitution and other phenomena and to provide a new analysis of them in today’s conditions and circumstances. The article touches upon a long period of high volatility and economic crises in Russia’s and foreign economy (for over 10 years). Taking into account many years of the author’s experience in the Russian business and in the Russian banking sphere, the author comes to the conclusion that rethinking certain principles of national economic policy is required. This article deals with estimates of key indicators published by international bodies, such as World Bank and UNCTAD.