Institutional setting and mechanisms of implementation of Strategy of Social-economic Development of Siberia
Viacheslav Seliverstov ()
Journal "Region: Economics and Sociology", 2005, vol. 3
Abstract:
The paper considers new approaches to the institutional framework and instruments for application of STRATEGY II in the economic development of Siberia. The main attention is devoted to initiation, financing, management and follow-up of investment projects that are the pillar of the strategy. The projects are identified as productive, social and supporting. Instruments for productive projects must correspond with their character and activity, state’s share in funding and chances for attracting foreign investors. The funding of social and supporting projects can be centered around a new federal earmarked program “Strategy of Social-economic Development of Siberia”. The alternative solution is creation of the Siberian Fund of Regional Development similar to the structural funds of regional policy of the European Union. For monitoring and continuous evaluation of the strategy process it is proposed to set up a special board of administrators. In sum, the system of strategy application is expected to make an important contribution to the general perfection of the regional policy in the Siberian Federal District in the entirety of its financial, institutional, organizational and manpower aspects.
Date: 2005
Note: Prospects in the Social-Economic Development of Siberia
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Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2005-3_3
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