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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">RUDN Journal of Economics</journal-id><journal-title-group><journal-title xml:lang="en">RUDN Journal of Economics</journal-title><trans-title-group xml:lang="ru"><trans-title>Вестник Российского университета дружбы народов. Серия: Экономика</trans-title></trans-title-group></journal-title-group><issn publication-format="print">2313-2329</issn><issn publication-format="electronic">2408-8986</issn><publisher><publisher-name xml:lang="en">Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">30655</article-id><article-id pub-id-type="doi">10.22363/2313-2329-2022-30-1-33-44</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>WORLD CAPITAL MARKET</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>МИРОВОЙ РЫНОК КАПИТАЛА</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">The government policy of Zambia on attracting foreign direct investment and its effectiveness</article-title><trans-title-group xml:lang="ru"><trans-title>Государственная политика Замбии по привлечению прямых иностранных инвестиций и ее эффективность</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-7861-5414</contrib-id><name-alternatives><name xml:lang="en"><surname>Andronova</surname><given-names>Inna V.</given-names></name><name xml:lang="ru"><surname>Андронова</surname><given-names>Инна Витальевна</given-names></name></name-alternatives><bio xml:lang="en"><p>PhD in Economics, Professor, Head of the Department of International Economic Relations, Faculty of Economics</p></bio><bio xml:lang="ru"><p>доктор экономических наук, профессор, заведующая кафедрой международных экономических отношений, экономический факультет</p></bio><email>aiv1207@mail.ru</email><xref ref-type="aff" rid="aff1"/></contrib><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-4055-2531</contrib-id><name-alternatives><name xml:lang="en"><surname>Haabazoka</surname><given-names>Lubinda</given-names></name><name xml:lang="ru"><surname>Хаабазока</surname><given-names>Любинда</given-names></name></name-alternatives><bio xml:lang="en"><p>PhD, Director of the Graduate School of Business</p></bio><bio xml:lang="ru"><p>доктор философии, директор Высшей школы бизнеса</p></bio><email>aiv1207@mail.ru</email><xref ref-type="aff" rid="aff2"/></contrib><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Kasonde</surname><given-names>Aaron Mwewa</given-names></name><name xml:lang="ru"><surname>Касонде</surname><given-names>Аарон Мвева</given-names></name></name-alternatives><bio xml:lang="en">student of the program “International Economic Relations and international business” of the Faculty of Economics</bio><bio xml:lang="ru">студент программы «Международные экономические отношения и внешнеэкономическая деятельность» экономического факультета</bio><email>1032175656@pfur.ru</email><xref ref-type="aff" rid="aff1"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">Peoples’ Friendship University of Russia (RUDN University)</institution></aff><aff><institution xml:lang="ru">Российский университет дружбы народов</institution></aff></aff-alternatives><aff-alternatives id="aff2"><aff><institution xml:lang="en">University of Zambia</institution></aff><aff><institution xml:lang="ru">Университет Замбии</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2022-03-30" publication-format="electronic"><day>30</day><month>03</month><year>2022</year></pub-date><volume>30</volume><issue>1</issue><issue-title xml:lang="en">TOWARDS SUSTAINABLE DEVELOPMENT. POST-COVID IMPERATIVES</issue-title><issue-title xml:lang="ru">НА ПУТИ К УСТОЙЧИВОМУ РАЗВИТИЮ. ПОСТКОВИДНЫЕ ИМПЕРАТИВЫ</issue-title><fpage>33</fpage><lpage>44</lpage><history><date date-type="received" iso-8601-date="2022-03-30"><day>30</day><month>03</month><year>2022</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2022, Andronova I.V., Haabazoka L., Kasonde A.M.</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2022, Андронова И.В., Хаабазока Л., Касонде А.М.</copyright-statement><copyright-year>2022</copyright-year><copyright-holder xml:lang="en">Andronova I.V., Haabazoka L., Kasonde A.M.</copyright-holder><copyright-holder xml:lang="ru">Андронова И.В., Хаабазока Л., Касонде А.М.</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">http://creativecommons.org/licenses/by/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://journals.rudn.ru/economics/article/view/30655">https://journals.rudn.ru/economics/article/view/30655</self-uri><abstract xml:lang="en"><p style="text-align: justify;">Investment policy has always played one of the most important roles in the development of the national economy. Foreign direct investment is interconnected with the activities of multinational companies and the opportunities that can be obtained by the host country. The article reveals the investment policy of Zambia and the role played by the public sector in it. The identified competitive advantages prove that Zambia has significant investment potential even though the country does not have direct access to the sea. Significant reserves of mineral raw materials confirm the energy and resource security of the economy, which is the area for investment by both national and foreign companies. The authors pay attention to several important problems of socio-economic significance, which complicate the effective and full functioning of the economy. The authors found that there are not enough studies in the domestic and foreign literature on the investment potential of Zambia. The study of inward investment activity showed that free economic zones are the most effective tool for attracting FDI, while the extractive sector remains the most attractive in this area. A comparative analysis of the disadvantages and advantages of the Zambian economy, conducted by the authors, proves that the state has the necessary elements of investment attractiveness. However, it was noted that the arrival of investments in the country should also meet the socio-economic interests of the state.</p></abstract><trans-abstract xml:lang="ru"><p style="text-align: justify;">Инвестиционная политика всегда играла одну из важнейших ролей в развитии национальной экономики. Прямое иностранное инвестирование взаимосвязано с деятельностью транснациональных компаний и возможностями, которые может получить принимающая страна. В статье раскрывается инвестиционная политика Замбии и роль, которую играет в ней государственный сектор. Выявленные конкурентные преимущества доказывают, что Замбия имеет значительный инвестиционный потенциал, хотя у страны нет прямого выхода к морю. Значительные запасы минерального сырья подтверждают энергетическую и ресурсную обеспеченность экономики, что является сферой приложения инвестиций со стороны как национальных, так и иностранных компаний. Уделяется внимание ряду важных проблем социально-экономического значения, которые осложняют эффективное и полноценное функционирование экономики. Авторами было установлено, что в отечественной и зарубежной литературе исследований, посвященных инвестиционному потенциалу Замбии, недостаточно. Изучение входящей инвестиционной активности показало, что свободные экономические зоны являются наиболее эффективным инструментом привлечения ПИИ, при этом добывающий сектор остается самым привлекательным в данной сфере. Сравнительный анализ недостатков и преимуществ экономики Замбии, проведенный авторами, доказывает, что государство обладает необходимыми элементами инвестиционной привлекательности. При этом подчеркивается, что приход инвестиций в страну должен отвечать и социально-экономическим интересам государства.</p></trans-abstract><kwd-group xml:lang="en"><kwd>Zambia</kwd><kwd>Foreign direct investment</kwd><kwd>investment policy</kwd><kwd>free economic zones</kwd><kwd>investment law</kwd><kwd>ZDA Act</kwd><kwd>incentives</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>Замбия</kwd><kwd>прямые иностранные инвестиции</kwd><kwd>инвестиционная политика</kwd><kwd>свободные экономические зоны</kwd><kwd>закон об инвестициях</kwd><kwd>агентство по развитию Замбии</kwd><kwd>стимулы</kwd></kwd-group><funding-group/></article-meta></front><body></body><back><ref-list><ref id="B1"><label>1.</label><mixed-citation>Anglin, D.G., &amp; Shaw, T.M. (2021). The Foreign Policy System of Zambia. 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