International transport corridors and transborder movement of fictitious capital

Irkutsk State Transport University, ul. Chernyshevskogo, 15, 664074, Irkutsk, Russia

^* Corresponding author: dinets_d_a@mail.ru

Abstract

The paper is devoted to the analysis of the peculiarities of international transport corridors as a provider of ideas and instruments of liberalization aimed at assigning transport infrastructure to transnational corporations under the auspices of the development of integration processes and their transport service. To achieve the goal of the study, the authors analyzed a wide range of theoretical and empirical data illustrating the claims of Western and, most recently, Eastern multinational corporations on the sovereignty of Russian infrastructure industries. If international transport corridors include transit through Russia, then participation in them takes the form of export of transport services. At the same time, if investments in infrastructure development are foreign, then the type of income for such operations can be considered as a land rent, since the benefits depend only on the ownership of large or small land plots. The article shows the logical transition from this conclusion to the conclusion about the formation of fictitious capital of Russian infrastructure industries as a result of their inclusion in the activities of international transport corridors. The second hypothesis, which is need to be proved or disproved, is the negative role of UTLC (United Transport and Logistics Company) in achieving rational and fair management of container transportations within the framework of the Eurasian Economic Union (EAEU). Summarizing the two lines of the study, the authors concluded that there are risks for national capital and qualitative indicators of the development of infrastructure industries as a result of the active development of international transport corridors.