Abstract

The research was focused on the processes of structural diversification in a Far Eastern mineral sector and aided in obtaining the characteristics of new market position and space specializations in the mineral-raw complex of the region. It illustrates its influence on the dynamics of investments in the region. It highlights the high value of the mineral sector in Far Eastern federal district, its stable competitive positions in the regional and national economy. It shows the conditions of long-term competitiveness of the mineral raw complex of Far East in the national and foreign economies (these conditions were formed as part of foresight-forecast for the development of Pacific Russia up to 2050). The research also gives predictive estimates of possible ways of the structure and dynamics of long-term development of mineral-raw complex of Russian Far East.

Highlights

  • The national model of development through innovation that is being designed in Russia nowadays implies the transition from commodity-based economy to knowledge-based economy

  • The determining role of the natural resources in the economic development has been the distinctive feature of the Russian Far East for all the time of its development [11]

  • The role of the mineral sector in Far Easter District keeps its strategic importance in the national economy

Read more

Summary

Introduction

The national model of development through innovation that is being designed in Russia nowadays implies the transition from commodity-based economy to knowledge-based economy. The exploitation of natural resources (in particular mineral-raw resources) in foreseeable future remains the source of means for the innovative transformation of the national economy. This situation actualizes the issues of revealing the opportunities and characteristics of the perspective development of resources regions. An example of a large macro-region of resource specialization is Far East of Russia that is characterized by the abundance of natural resources and the development of resource complexes ( mineral-raw complex and fuel-power complex) that are the branches of national specialization. Connected with specific resources and conditions of Far East (a variant of "new industrialization") [1] These kinds of activity include the sector of national specialization of the region – extraction of mineral resources. Is Far Eastern mineral sector ready for such challenges? And what are the prospects of its long-term competitive development? What are the chances to maintaining traditional raw-material base and forming innovative-technological chains "extraction of new mineral-raw material – inventing new products – forming new branches of mineral-raw complex"? These issues are studied in the article

Theory of experimental research
Results and discussion
Conclusions
15. Mineral Resource Sector of the Asian Part of Russia
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call