DEVELOPMENT TOOLS FOR THE FAR EAST AND THE ARCTIC OF RUSSIA

Studying the development problems of the Arctic and the Far East has always been relevant due to the specific nature of these territories. At the same time, the existing support tools do not always consider this specificity, which is why the effects of their use are minimal.

In this regard, the purpose of this study is to develop recommendations for improving the social and economic development policy tools for the Far Eastern and Arctic regions. This goal will be addressed within the framework of solving the following tasks:

 -systematization of existing development tools,

 -assessment of the economic and social effects of the measures applied,

 -producing recommendations for the development or exclusion of existing tools.

The study was conducted using the methods of content analysis, retrospective analysis, and classification. The sources of information included regulatory documents and strategic planning documents, scientific publications, analytical data, and official statistics.

As a result, a list of measures for the development of the regions of the Far East and the Arctic was produced, and areas that required improvement were identified. The key findings are as follows.

Most of the development tools are focused on stimulating economic growth and increasing investment appeal, rather than improving the demographic situation.

The measures taken fail to translate into the expected economic and social effects. The number of specific and individual instruments for stimulating the socio-economic development of the Far East and the Arctic is insignificant. Some of the instruments duplicate each other, which entails uncertainty when considering opportunities for capital investments, disorienting potential investors.

As recommendations, it is proposed to review the list of instruments towards greater social support, development of individual mechanisms, and unification of territorial development instruments with overlapping scopes.