Long-term Dynamics of Economic Development of the Russian Arctic

Annotation

About a quarter of the world's natural gas and oil reserves are concentrated in the Arctic, which has led to increased interest of the world powers in this region in recent years. The Russian Federation has the greatest resource potential in this macro-region. This article examines the transformation of economic processes in the Russian Arctic. The relevance of the study is determined by the fact that in order to achieve the main goals and implement the tasks of the modern state Arctic policy of Russia, it is necessary to have a clear understanding of the features and patterns of economic processes taking place in this region. The author has analyzed the indicators characterizing some aspects of the economic development of the territories of the Russian Arctic in 1950–2018. According to the results of the analysis, three fundamentally different periods of the development of this region were identified: 1950–1990 — an intensive stage of economic development of the Arctic territories; 1990–1999 — the stage of market relations formation; from 2000 to the present — the stage of “redevelopment” of the Arctic. The main features of the economic development of the Arctic territories at each stage are shown. Conclusions concerning the tasks of the current stage of development are made. The assumption about the contemporary tendencies and the need to find new effective approaches to the management of the region is put forward.

About authors

Natalya A. SEROVA, Ph.D. of Economic Sciences, Senior Researcher
Luzin Institute for Economic Studies — Subdivision of the Federal Research Centre "Kola Science Centre of the Russian Academy of Sciences" (IES KSC RAS), Apatity, Russia

Keywords

Arctic, region, economic development, investment, industry

DOI

10.37482/issn2221-2698.2021.43.32

UDC

[332.1+338.22.021.4](985)(045)