ADVANCED SPESIAL ECONOMIC ZONES: REALITIES AND POTENTIALITIES

Abstract

The Russian Far East is a macro-region, which is rich in natural resources, bordering with the rapidly developing countries of the Asia-Pacific region (APR). It gives the opportunity for the entering of the Russian economy to the markets of bordering countries. The Far East is to become the contact zone. A rapt attention has been drawn to the macroregion recently. Initiation of Advanced Special Economic Zones (ASEZ) is an attempt to increase the competitiveness of the regional economy and to speed up the integration process. t coincides with the national scenario of the Far East development, which is based on innovative industries. Besides, this scenario focuses on the creation of highly qualified labor resources. Three alternative scenarios of economic development and its specifics of the Far East are considered. In addition, consequences are specified for the macro-region. The territorial features of distribution of projects, the structure of jobs created and investment in fixed capital expenditure on types of economic activities, potential opportunities to enhance profitability of sales of products were analyzed for projects are realized to the ASEZ. Through analysis, it is possible to identify that ASEZ residents is specialized in manufacturing activities. The production efficiency is possible to raise in response to exemptions and preferences as well as administrative support. However, it does not provide the necessary competitiveness because of the high cost of the macro-region`s economy. A set of strategic and tactical measures are required. It extends the capabilities of new enterprises that proposed in this article.