Development of support measures for the Far-Eastern economy (taking into account for external calls

Abstract

The subject of this study is formation and effectiveness of measures of the state support for development of the economy of the Far-Eastern federal district of the Russian Federation. The article discusses measures of investment, infrastructural and financial support for the economic entities and the social sphere of the Far East, which have been formed in the recent years under the influence of the goals of its development, the structural transformation of the economy of the Far-Eastern regions and external challenges caused by financial and economic crises. Particular attention is paid to the measures of state support for development of the investment activities in the Far East, financial support for small and medium-sized businesses, as well as support for the economy in connection with the new challenges related to the coronavirus pandemic. The qualitative difference in external challenges, crisis phenomena associated with the economic, financial reasons, as well as the causes of the crisis caused by a viral pandemic require constant transformation and development of mechanisms and measures to support the economy. Difference in the reasons entails fundamental differences in the means of ensuring recovery growth. It is shown that the constant adjustment and readjustment of measures to support the development of the Far Eastern economy and business, the variety of measures proposed to accelerate the development of the economy and create a new quality of life for the population of the Far East did not become a driver of accelerated growth. New challenges can become a platform for the further transformation of structure of the Far-Eastern economy and make it necessary to adjust the priorities, tools and measures to support development of the Far-Eastern economy.