RuEn

Journal section "Socio-economic development strategy"

Centralization and Autonomation as the Drivers of Socio-Economic Development of the Russian Far East

Minakir P.A., Prokapalo O.M.

Volume 10, Issue 6, 2017

Minakir P.A., Prokapalo O.M. Centralization and Autonomation as the Drivers of Socio-Economic Development of the Russian Far East. Economic and Social Changes: Facts, Trends, Forecast, 2017, vol. 10, no. 6, pp. 24-41. DOI: 10.15838/esc.2017.6.54.2

DOI: 10.15838/esc.2017.6.54.2

Abstract   |   Authors   |   References
The article considers macroeconomic trends in the development of the economic complex in the Russian Far East. We explore the interaction of dynamic and structural parameters of reproduction and the specifics and regularities of promising modernization in the region. We analyze how the regional economy responds to various types of institutional impacts, and study the features of regional governmental economic policy in the east of the Russian Federation. We consider trends in external and internal impacts of economic, institutional, military and political nature. We describe formation regularities and assess sustainability trends. The aim of our research is to find the answer to the question about the possibilities and ways of transforming the socio-economic system of the Far East in accordance with the current national geo-economic paradigm. We prove that the best results in the development of the Far East were achieved in those periods when non-economic goals of the state were combined with the use of centralized material and financial resources of the state for the purpose of generating intra-regional economic and financial resources based on the support provided by government to the institutional environment that should be as comfortable as possible for the formation of endogenous reproduction within the region. We confirm a hypothesis that we have previously formulated in our joint publications; the hypothesis is that the periods when the state was pursuing exclusively “colonial” goals of getting the maximum possible utility from the region at a minimal support at the expense of governmental resources of endogenous drivers of development were the least successful from the point of view of maintaining stable socio-economic dynamics in the region. We discuss the correlation between endogenous and cumulative regional economic growth in conditions when the importance of institutional framework generated at both federal and regional levels is increasing. We show that the modern period of institutional innovations in the field of regional economic development has the following specific feature: it combines “colonial” exploitation of transit and natural resource utilities of the region with the restoration of creating a diversified economic complex. The analysis of development trends in the region over the past 10 years shows that centralized financial resources are being substituted with institutional incentives; this may lead to an increase in the terms of building the capacity for endogenous development of the region’s economy and make its results less predictable

Keywords

economic growth; development; institutions; integration; Far East; Economic growth; macroeconomic trends; autonomation; East Asia

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