The Russian Far East in Transition: Opportunities for Regional Economic Cooperation. Ed. Mark J. Valencia. Boulder, Colo.: Westview Press, 1995. xi, 242 pp. Appendixes. Index. Figures. Tables. Maps. $55.00, hard bound.

We discuss the issue arising from the stalling of the new economic policy implemented in the Russian Far East in the context of the dichotomy between economic development and economic growth. We consider the actual difference in the economic content of these two components of the objective function of regional economic dynamics. It is demonstrated that the difference in the internal content of these two components determines, in turn, the difference in economic policy itself and determines the fact that such economic policy itself is internally contradictory. We argue that the order of ‘steps’, through which the regional economic policy is implemented, plays the key role and the final result is determined directly and clearly by the way the order of objectives set in the objective function: ‘growth and development’ or ‘development and growth’. Three waves of economic dynamics of the Far East over a 150-year period are demonstrated, and a question of whether it is possible to move on to the fourth wave is raised. We also assess the most likely outcomes of the current policy which are exaggerated development of the resource sector, stalling of the growth of endogenous aggregate demand and the inability to switch to endogenous growth, the dominance of the parameters of external and national growth over the parameters of economic growth in the region, and stagnation of the parameters of economic development in the region. We determine the main reason for the discussed outcomes: the gap between the resources that should generate development and growth, and the demand that should accumulate these resources and transform them into development results that must eventually become the basis of economic growth

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Economic Science and Regional Economic Development: The Russian Far East

Spatial Economics ◽

10.14530/se.2021.3.007-037 ◽

2021 ◽

Vol 17 (3) ◽

pp. 7-37

Author(s):

Pavel Minakir ◽

◽

Oleg Renzin ◽

Keyword(s):

Russian Far East ◽

Far East ◽

Asia Pacific ◽

Economic Research ◽

Scientific School ◽

Regional Economic ◽

The Creation ◽

Far Eastern ◽

The Russian Far East ◽

Research Institute

In this paper we review the interconnection between the economic colonization and development of the Russian Far East from one hand and the formation of the system economic researches in the region from the others. The authors make accent on the construction of regional economic researches’ organizing structure and coordination. The organization and development of the Economic Research Institute of the Far Eastern Branch of the Russian Academy of Sciences is reviewing as an important stage of the scientific architecture for the Far Eastern region’ construction. The article is describing, that scientists and specialists of the Economic Research Institute carried out a long-term theoretical and empirical researches in analysis, modeling and forecasting of spatial processes in economic systems. The creation a new academic economic institute in the Russian Far East in the 1970-s made it possible to solve a number of major issues on the national level. First, to provide highly qualified research support for the development and implementation of large regional economic programs. Second, to develop new areas of national science, including the creation of a scientific school for the study of spatial economics. Third, to create an intellectual platform for international cooperation between researchers from the Pacific Russia and the expert community in the countries of the Asia-Pacific region. Currently, the most important area of the institute’s activities is the restoration of the regional scientific and economic infrastructure, through building the system of ‘new integration’ by combining educational and surviving academic and project organizations in the Far East on the principle of a distributed spatial network

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