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The Far East

D.A. Izotov

Problems of Economic Transition, 2017, vol. 59, issue 10, 799-813

Abstract: This article presents a critical overview of the achievements of the Russian government’s current Far East policy and focuses on the realization of targeted programs, the creation of priority social and economic development areas and the free port of Vladivostok, and the distribution free of land. The economic and institutional characteristics of the development of the Russian Far East economies are analyzed. The potential effectiveness of current Far East economic policy is considered and compared with the experience of other countries with high rent in their economies. Finally, the article argues that government policies accelerate regional development only when they are built into a general policy for reducing risk in the national economy.

Date: 2017
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