Investor Presentaiton

6 Leonid B. Vardomskiy industrial policies, or investments - all these spheres are directly affected by the dominating Moscow megalopolis whose interests often do not correspond to the concerns of local economic actors. The interests between external and local eco- nomic actors are therefore unbalanced. As a result, local resources are shrinking, which makes the adjustment to international conditions an even harder task. The paper is number 13 in a series of working papers written in the context of the project "Regionalization of Russian Foreign and Security Policy: Interaction between Regional Processes and the Interest of the Central State," funded by the Swiss Federal Institute of Technology (ETH) Zurich. All of the studies in this series are available in full-text at http://www.fsk.ethz.ch. Zurich, September 2001 Prof. Dr. Andreas Wenger Deputy director of the Center for Security Studies and Conflict Research Introduction Ryazan Oblast is located not far from Moscow, but its social and economic situa- tion is lagging behind Moscow Oblast to a significant extent, and even more behind the capital itself. Up until recently, Ryazan Oblast's integration into the network of international economic relations was quite weak. The years 1999-2000 witnessed a quick growth of exports due to the production of the Ryazan Petro- leum Processing Plant. However, that did not lead to revitalization of investment or to an influx of foreign investment, nor did it improve the social situation of the oblast. This report analyzes the internal political and economic conditions for integrating the oblast into the processes of globalization, and the resulting con- tradictions. The report emphasizes that the present level of involvement in inter- national contacts aggravates the existing threats to regional security rather than diminishing them.

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