DEVELOPMENT OF A MECHANISM FOR IDENTIFICATION, EVALUATION AND MONITORING OF ECONOMIC DEVELOPMENT CONDITIONS IN THE ARCTIC ZONE OF RUSSIA

Author(s): Baranov D.N.

Rubric: Economy

DOI: 10.21777/2587-554X-2020-4-15-23

Release: 2020-4 (35)

Pages: 15-23

Keywords: fuel and energy resources, the Arctic shelf, the Council for the Management of Arctic Issues, the economic development of the Arctic

Annotation: The article is devoted to the development of the author’s mechanism for identifying, assessing and monitoring the conditions for the economic development of the Arctic zone of the Russian Federation. The article analyzes the natural resource potential of the Russian Arctic zone. It is shown that for the Russian Federation, the issue of “returning to the Arctic” is important because it will allow the sectors of the domestic economy to receive an additional impetus for development, to form an economic, social, scientific, technical and educational structure that will ensure the production, transportation, processing of oil and gas, the creation of new knowledge that will contribute to the development of new industries. The implementation of economic policy on the principles of sustainable development (as a set of measures in the tax, budget, investment, innovation and other spheres) of the Arctic zone of the Russian Federation is an extremely difficult and urgent task that requires taking into account a large number of factors, both external and internal. In this work, the main attention will be paid to the oil and gas potential of the Arctic region, since against the background of the global importance of hydrocarbons and in the context of the politicization of the energy sphere of international life, it is the prospect of developing the hydrocarbon resources of the Arctic shelf that seems to be an urgent task facing the Russian Federation. For the full implementation of the energy potential inherent in the Arctic region, a well-oiled mechanism for identifying, assessing and monitoring the conditions of economic development, the draft of which is proposed in this article, is important. In addition, this article proposes an organizational structure, as well as the rights and obligations of officials who should be included in the proposed Arctic Management Council. It is assumed that this Council will implement the proposed mechanism for the economic development of the Arctic zone of Russia.

Bibliography: Baranov D.N. DEVELOPMENT OF A MECHANISM FOR IDENTIFICATION, EVALUATION AND MONITORING OF ECONOMIC DEVELOPMENT CONDITIONS IN THE ARCTIC ZONE OF RUSSIA // Economics and Management. – 2020. – № 4 (35). – С. 15-23. doi: 10.21777/2587-554X-2020-4-15-23