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National Interests: Priorities and Security
 

Investment in the production segment as a driver of economic security of the criminal justice system

Vol. 13, Iss. 5, MAY 2017

PDF  Article PDF Version

Received: 25 January 2017

Received in revised form: 16 February 2017

Accepted: 13 March 2017

Available online: 29 May 2017

Subject Heading: ECONOMIC SECURITY

JEL Classification: D24, E22, M11, R53

Pages: 899-910

https://doi.org/10.24891/ni.13.5.899

Ibragimov O.A. Research Institute of Federal Penitentiary Service of Russia, Moscow, Russian Federation
464941@rambler.ru

Importance The criminal justice system constitutes a major economic agent, which delivers services, work and goods exceeding totally RUB 30 billion a year.
Objectives The research focuses on the implementation of investment projects in the production segment of the criminal justice system.
Methods Using methods of institutional and structural analysis, I analyzed the role and significance of investing activities in the criminal justice system and described factors that would attract investment into the production segment.
Results I modeled private and public mechanisms for investing in the production segment of the criminal justice system. The article presents the State – corrections cooperation charts. The charts briefly enlist goals, functions and efficiency in relation to the investee and investor. The article emphasizes the mechanism for attracting private investment in the production segment of the criminal justice system through the concession model.
Conclusions and Relevance Private investment underlies investing activities in the criminal justice system. The existing organizational, legislative and economic restrictions shape specific mechanism for attracting investment. I give a practical example illustrating how the mechanism for attracting private investment was implemented through the concession model.

Keywords: corrections, investment, manufacturing, security, concession

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