Development institutions of the Russian Far East and Asia‐Pacific countries: Goals, instruments, and results in comparative perspective

Abstract

AbstractThe major innovation of the Far Eastern policy of Russia in the 2010s—the introduction of the macroregional system of development institutions—is studied today mainly as an intra‐Russian and economic phenomenon. In this article, we place studied development institutions in a wider social and international context. Identifying the origin, strategic goals, preferential instruments, and the results of functioning of the development institutions system of the Russian Far East, we compare it with analogous systems in Japan, Korea, China, Vietnam, Singapore, and India. The article concludes that there is an objectively conditioned typological proximity of the development institutions system of the Russian Far East with similar systems in China and Vietnam. We emphasize that this proximity is based on the similarity of the problems of the macroregion and the named countries, and, consequently, the goals of their development policies. On this basis, we recommend to increase the number of territorial development institutions in this macroregion of Russia, decentralize the regulation of Advanced Development Territories and Vladivostok Free Port, and involve private developers in the management of these institutuions.