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A Modern Approach to the Elaboration and Selection of Strategic Alternatives for Resource Regions

Author

Listed:
  • Valeriy Kryukov

    (Institute of Economics and Industrial Engineering SB RAS)

  • Anastasiya Sevastyanova

    (Institute of Economics&Industrial Engineering SB RAS)

  • Anatoliy Tokarev

    (Institute of Economics & Industrial Engineering)

  • Vladimir Shmat

    (Institute of Economics and Industrial Engineering SD RAS)

Abstract

For many countries and regions (both in Russia and abroad), natural resources are the crucial factor for socio-economic development. The role and significance of natural resources in the economy of different areas substantially depend on the institutional environment, including the resource regime. Today, we have a qualitative complication of conditions for mineral resources exploitation, we start to develop new, non-traditional types of resources, which haven’t been available (or demanded) earlier for the economic and technological reasons. The changes in the characteristics of natural objects, as well as the increasing of uncertainty in the resource sector, actualize the search for alternatives of the development of resource-type regions and for the elaboration of appropriate strategies. In new conditions of resource regions, it is necessary to place emphasis on the aspects of expanded specific understanding of inclusiveness. It implies the possibility of active participation of regional authorities in the management and regulation of the mineral complex, as well as their involvement in the development of the association of a wide range of communities. These communities consist of the organizations representing the interests of indigenous peoples as well as professional communities: industry associations, environmental organizations, representatives of the innovation industry. Modern approaches to the elaboration of strategic directions for the resource regions development (primarily based on the development of the mineral industry) should be based on sustainable development principles, the principles of inclusiveness and the need for innovations. As a result of the convergence of these characteristics, a new socio-economic concept is formed. This concept can be defined as the harmonious development that is extremely important for the Russian regions. The proposed approach can be used for the elaboration of strategic alternatives of the development of resource regions.

Suggested Citation

  • Valeriy Kryukov & Anastasiya Sevastyanova & Anatoliy Tokarev & Vladimir Shmat, 2017. "A Modern Approach to the Elaboration and Selection of Strategic Alternatives for Resource Regions," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 93-105.
    • Handle: RePEc:ura:ecregj:v:1:y:2017:i:1:p:93-105
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    References listed on IDEAS

    as
    1. Edward B. Barbier, 2003. "The Role of Natural Resources in Economic Development," Australian Economic Papers, Wiley Blackwell, vol. 42(2), pages 253-272, June.
    2. Fujita , Masahisa & Krugman, Paul, 2004. "The new economic geography: Past, present and the future," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 4, pages 177-206.
    3. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
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    5. Edward B. Barbier, 2005. "Natural Resource-Based Economic Development in History," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 6(3), pages 103-152, July.
    6. Arild Vatn, 2005. "Institutions and the Environment," Books, Edward Elgar Publishing, number 2826.
    7. Mr. Arvind Subramanian & Mr. Francesco Trebbi & Mr. Dani Rodrik, 2002. "Institutions Rule: The Primacy of Institutions over Integration and Geography in Economic Development," IMF Working Papers 2002/189, International Monetary Fund.
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    Cited by:

    1. Yu. A. Friedman & G. N. Rechko & E. Yu. Loginova, 2020. "Transformation of the Development Model for Kemerovo Oblast as a Resource Territory," Regional Research of Russia, Springer, vol. 10(4), pages 467-475, October.
    2. M. E. Lebedeva, 2023. "A Study of the Development of Innovative Activities in Oil and Gas Regions Using a Cross-Methodological Approach," Studies on Russian Economic Development, Springer, vol. 34(2), pages 231-242, April.

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    More about this item

    Keywords

    resource region; regional economy; socio-economic development; natural resources; mineral resources sector; institutional environment; resource conditions; sustainable development; inclusion; innovation; harmonious development;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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