Economics & Finance

The Russian Far East
Strategic Priorities for Sustainable Development

Sergey Darkin, PhD
Vladimir Kvint, PhD

The Russian Far East

Published. Now available.
Pub Date: June 2016
Hardback Price: $99.95 US
Hard ISBN: 9781771884334
E-Book ISBN: 9781771884341
Pages: 184p w/ index
Binding Type: hardback

The Russian Far East is one of the most strategically important regions of Russia, and its development carries nationwide significance. The Russian Far East and the development of its manufacturing strength determine Russia’s role in a major economic area of the world: the Asia-Pacific region. The degree to which the transportation, telecommunications, and social infrastructure of the Pacific coast of Russia are developed will predetermine the export potential and economic cooperation of the country. This important research report presents the strategic scenario for the most effective use of resources for the successful development of the Russian Far East.

Due to the theoretical absence of competition in the northeastern part of the Pacific Ocean during the entire post-Soviet period, Russia did not implement large-scale programs for the development of port facilities in the waters of the Chukchi Sea, Bering Sea, the Sea of Okhotsk, and the Sea of Japan. The infrastructure connecting the ports of the Baikal-Amur Mainline with the Trans-Siberian Railway is, for the most part, “stuck” in the 1980s. The issue of developing Russian strategic potential in the Asia-Pacific region is complicated by an almost complete suspension of commercial and fishing shipbuilding. Unfortunately, the resources allocated to the Russian Far East, in these times of raging deficit, do not concentrate on Russian national priorities in the Far Eastern Federal District. This research report addresses this.

This study determines the main competitive advantages in accordance with Russia’s strategic priorities in the Russian Far East in order to maximize the country’s competitiveness in the global market and, especially, in the Asia-Pacific region. These competitive advantages are determined based on the geopolitical position of the Federal District and on the presence of natural and technological resources within the District’s territory. The following industries have strategic competitive advantages on a global scale, including the region’s

  • geopolitical advantages (access to the world’s oceans and the Arctic, lengthy coastline, proximity of the Asian-Pacific region, etc.)
  • competitive natural resources (coal, gas and oil, iron ore, rare earth metals, etc.)
  • competitive sectors of the economy (oil and gas industry, fishing industry, mining industry, etc.)
More than 60 high-priority investment projects are outlined in this report. Successful implementation of these investment projects aim to achieve the following results:
  • Improvement of Russia’s competitiveness on the global marketplace;
  • Optimization of financial, material and labor resources by concentrating them on these prioritized projects;
  • Development of adjacent production projects in industrial clusters around the prioritized facilities, also known as “the multiplier effect,” to save limited resources and maximize effect;
  • Diversification of the regional economy for the sustainable economic development of the country.
The results of this study will be highly useful for resource optimization through economic-mathematical modeling methods.

CONTENTS:
Introduction: The Strategic Vision
Acknowledgments
Key Definitions
List of Abbreviations

1. Strategic Approach to the Study of Regional Prospects: The Selection of Development Priorities in the Macro-Regions of the Russian Federation in the Next 10 Years
2. Strategies, Plans, and Programs for the Economic-Social Development of the Russian Federation’s Far Eastern Federal District and Its Regions
3. Strategies and Plans for the Federal Executive Power and State-Owned Companies in the Constituent Territories of the Russian Federation Included in the Far Eastern Federal District
4. Priority Development Industries in the Far Eastern Federal District
5. Defining Competitive Strategic Advantages of the Russian Federation Regions in the Far Eastern Federal District
6. Strategic Prospects for the Development of Public–Private Partnership

Bibliography
Appendix
Index


About the Authors / Editors:
Sergey Darkin, PhD
President, Pacific Investment Group (TIGR); Former Governor of the Primorsky Region, Russian Federation; Former Deputy Minister of Regional Development, Russian Federation

Sergey Darkin, PhD, was the Governor of the Primorsky Region of the Russian Federation from 2001 to 2012, Deputy Minister of Regional Development of the Russian Federation from 2012 to 2014, and is currently President of the Pacific Investment Group (TIGR) since 2014. Dr. Darkin currently serves as a board member of several leading companies and banks. He is an authority in issues of Asia-Pacific economic development, and a well-established professional in regional cooperation and the shipping and fishing industries, among other areas.

Vladimir Kvint, PhD
Professor, Foreign Member (life-time) of the Russian Academy of Sciences, Honorary Fellow of Russian Higher Education, Research Director at the Center for Strategic Studies at the Institute of Complex Systems Mathematical Research (CSS ICSMR) of M.V.

Vladimir Kvint, PhD, has been a professor of strategy, management systems and international economics at Fordham University, New York University’s Stern School of Business, American and LaSalle Universities, and Babson College and serves as chair of the Financial Strategy Department in the Moscow School of Economics at Moscow State University. He is also Research Director at the Center for Strategic Studies at the Institute of Complex Systems Mathematical Research (CSS ICSMR). Dr. Kvint is a member of the Bretton Woods Committee, a life-time foreign member of the Russian Academy of Sciences, a U.S. Fulbright Scholar, and a well-established strategic advisor.




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