Property and government interests of Russia under globalization: the Arctic case

Annotation

Modern processes of the global property and governance formation are contradictory combined with the preservation and reproduction of economic interactions within the framework of individual States, regions and inter-state relations. The actualization of these processes in the Arctic region is due to its transformation into a place of focus and the most acute manifestation of the new contradictions between globalization and nation — state interests. The author concluded that the implementation of the Russian Arctic strategy is complicated by the uncertainty of prospects and the variation of possible vectors of the new globalization. The article substantiates the need for drastic measures to strengthen the Russian position in the Arctic due to the current strengthening of regionalization and fragmentation of the world economy. The geo-economic and geopolitical configuration of international cooperation in the Arctic may change in the near future due to the transition from of a unipolar to a multipolar model of the world order and the growing threats of a new hybrid cold war. It’s shown that the contradictions between the Arctic powers are complicated against the background of the desire of the non-Arctic countries to participate in the exploitation of the region's resources. The author reveals the issues related to the search of the optimal balance between the objective imperatives of globalization and the protection of nation — state and regional interests of Russia as the largest Arctic power.

About authors

Nikolay D. ELETSKY, Dr. Sci. (Econ.), Professor. Academy of Philosophy of Economy; Southern University (IMBL), Rostov-on-Don, Russia.

Keywords

globalization of property, global governance, global contradictions, global political economy, crisis of globalism, multipolarity, regionalization, glocalization, the Arctic, the Arctic resources, the Northern Sea Route, interests of Russia

DOI

10.17238/issn2221-2698.2018.32.82

UDC

[338+332](98)(045)