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Foreign economic activity of the Urals’ Arctic zone (the YaNAO case): challenges and prospects

Author

Listed:
  • Elena Leonidovna Andreeva

    (Institute of economics of the Ural branch of RAS, Yekaterinburg, Russia)

  • Anatolij Grigor’evich Tarasov

    (Institute of economics of the Ural branch of RAS, Yekaterinburg, Russia)

  • Artem Vital’evich Ratnår

    (Institute of economics of the Ural branch of RAS, Yekaterinburg, Russia)

Abstract

The largest challenges faced by Russia’s economy are boosting of non-resource and non-energy exports, improvement of transport and logistic infrastructure, and development of northern territories. The article is aimed at identifying the issues and prospects for foreign economic activity (FEA) of the Arctic region, with the increasing attention to its development and improvement of transport connectivity of Russia and Eurasia in general. FEA analysis is based on the case of the Urals’ Arctic zone – Yamalo-Nenets autonomous okrug (YaNAO), by comparing the indicators for the Ural federal district and Russia over 2002-2018: foreign trade changes in goods and services, including transport and tourism; foreign direct investment. Besides, prospects for the region’s potential in these FEA areas are given. Results and scientific importance highlight the peculiarities of the Arctic zone’s (YaNAO) foreign economic activity revealing its mono-specialization in natural resources extraction and need for federal projects to deliver on its potential of developing non-resource and non-energy exports (including transport and tourist services, etc.). Practical significance of the results consists in the possibility of their use by analyzing and predicting foreign economic development of the northern and Arctic territories.

Suggested Citation

  • Elena Leonidovna Andreeva & Anatolij Grigor’evich Tarasov & Artem Vital’evich Ratnår, 2020. "Foreign economic activity of the Urals’ Arctic zone (the YaNAO case): challenges and prospects," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 2, pages 33-46, February.
    • Handle: RePEc:alq:rufejo:rfej_2020_02_33-46
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