ECONOMIC ACTIVITIES IN THE MURMANSK REGION:MANIFESTATION SPECIFICS AND OPTIMIZATION TERMS

Abstract

The key role of economic activities is in ensuring development and growth of both national and regional economies. Under the modern conditions, the prospects for development of the Arctic regions of the Russian Federation are associated with implementation of large investment projects, which should give an “impetus” to development of adjacent sectors and Arctic regions, i.e. implementation of these projects should be ensured by concentration of economic activities and their further spread. Basing on previous research, it was found out that economic activities in the Murmansk region are characterized by the critically low level of manifestation and non-static type of prevailing economic activities of businesses and the state. At the same time, the region has a significant potential for development caused by its economic and geographical location, unique natural resources and sufficiently developed infrastructure compared to other Russian regions of the Arctic. This paradox determines the risks of implementing the planned “megaprojects” in the region, and is conditioned by the peculiarities of socio-economic development of the region. Identification of the factors of socio-economic development of the Murmansk region, which determine its uniqueness, will be the basis for making recommendations for sustainable development of the region, contributing to resolution of the existing contradictions. The article analyzes and systematizes the factors of the socio-economic development of the region, which determine the manifestation specifics of economic activities in the region. Analysis, synthesis, comparison and grouping were used as methods. As a result, the author’s classification of factors of socio-economic development was proposed, which can become the basis for developing a strategy for optimizing the economic activities in the region adequate to its conditions. At the same time, the optimization of economic activities will mean achievement of such proportions in the regional economy in terms of the intensity of their manifestation by economic entities of different forms of ownership, which will contribute to achievement of sustainable regional development goals by influencing the behavior of economic entities.

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