Journal of Siberian Federal University. Humanities & Social Sciences: Arctic Economy: Focus on Socio-Economic Return

Journal of Siberian Federal University. Humanities & Social Sciences / Arctic Economy: Focus on Socio-Economic Return

Issue: Journal of Siberian Federal University. Humanities & Social Sciences. 2015 8 (Supplement)
Authors: Kryukov, Valery A.
Contact information: Kryukov, Valery A.:Institute of Economics and Industrial Engineering of SB RAS Russia, 630090, Novosibirsk, Akademgorodok, pr. Akademika Lavrent’eva, 17;E-mail:
Keywords: Arctic; economic development; mineral resources; socio-economic returns; innovation
Abstract: The article deals with different priorities of economic activities in the Arctic. The role and the place of extractive industry in different countries are analysed. It is shown that the main emphasis in the modern Arctic economic is shifted to socio-economic return not only economic efficiency of projects itself. To be leader in Arctic development means not to implement ambitious projects but provides solutions in line with the sustainable functioning of the fragile and unique environment of “high latitudes”. The key role of activities adjusting the formerly constructed manufacturing entities in accordance with current environmental regulations is accentuated
Pages: 21-43
Paper at repository of SibFU: https://elib.sfu-kras.ru/handle/2311/16646