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Assessment of the Contribution of the Arctic Zone to the Economic Development of the Country

https://doi.org/10.26794/2587-5671-2022-26-2-160-174

Abstract

The scientific study examines the ways and methods of assessing the contribution of the Arctic zone to the level of economic development of the subjects of this zone and the country as a whole through the process of ensuring national security. The relevance of the study is due to the relationship between the indicators of territorial development of the subjects of the Russian Federation belonging to the Arctic zone and the indicator of the gross domestic product as a whole as the main indicator for assessing the level of economic development. The aim of the research is to improve the mechanisms for assessing the contribution of the Arctic zone to the level of economic development. The authors apply dialectical scientific cognitive methods based on a set of recognized private scientific and general scientific methods: formal logic, comparative law, statistics, and cross-sectoral legal analysis. The scientific novelty of the research lies in the identification of major risks that affect the processes of national security assurance in the Arctic zone, as well as their impact on national economic development and private business. The authors conclude about the potential of the Arctic zone for the formation of innovative projects with the growth of spatial risks, considering the peculiarities of the economy of the North. The results of this study may be used in practical activities by the state executive authorities of the Arctic zone in order to adjust existing regulatory documents, as well as to develop new directions of state policy in the field of ensuring national security in this region.

About the Authors

V. V. Zemskov
Financial University
Russian Federation

Vladimir V. Zemskov — Dr. Sci. (Econ.), Prof., Department of Economic Security and Risk Management.

Moscow


Competing Interests:

The authors have no conflicts of interest to declare



V. I. Prasolov
Financial University
Russian Federation

Valerii I. Prasolov — Cand. Sci. (Polit.), Assoc. Prof., Department of Economic Security and Risk Management.

Moscow


Competing Interests:

The authors have no conflicts of interest to declare



D. S. Khudyakov
Financial University
Russian Federation

Daniil S. Khudyakov — PhD student.

Moscow


Competing Interests:

The authors have no conflicts of interest to declare



A. I. Kanashina
Financial University
Russian Federation

Anastasiya I. Kanashina — PhD student.

Moscow


Competing Interests:

The authors have no conflicts of interest to declare



E. A. Timofeev
Financial University
Russian Federation

Evgenii A. Timofeev — PhD student.

Moscow


Competing Interests:

The authors have no conflicts of interest to declare



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Review

For citations:


Zemskov V.V., Prasolov V.I., Khudyakov D.S., Kanashina A.I., Timofeev E.A. Assessment of the Contribution of the Arctic Zone to the Economic Development of the Country. Finance: Theory and Practice. 2022;26(2):160-174. https://doi.org/10.26794/2587-5671-2022-26-2-160-174

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