Far East Location in the Prospective Development Model of the Russian Federation

Abstract

The need to transform economic and social policies into more effective policies requires the special attention of the authorities and the expert community to the Far East as a region with significant potential for economic growth. The article, through the prism of historical events, examines the place of the Far East in the world economy within the framework of the current system of international political, foreign trade and financial relations against the background of a decrease in the level of confidence in these areas, which largely depends on excessive regulation of the most significant regional entities and tightening of various kinds of sanctions by the most developed states. The reason for the turn of Russia to the east is justified. Historical milestones of the development and development of the Far East over a 300-year period and its potential, place in the economic activity of the Russian Federation and its foreign economic relations are analyzed in detail. Examples are given to a certain extent confirming the emerging transition from a purely subsidized policy of past decades to an investment strategy for the future development of the region. Optimal forms and mechanisms of interaction aimed at improving the investment climate, developing transport, energy, industrial and tourism infrastructure, as well as ensuring a high level of environmental safety of the region are identified.