Territories of Advanced Socio-economic Development: Their Importance, Establishment Particularities and Governance Methods

The article describes the problems and possible solutions to to the current state of Russia associated with the post-crisis development and economic sanctions. The emphasis is made on the Far East as one of the key areas of Russia. Specified are the constraints on the implementation of its economic potential, such as the raw material orientation of the economy, low provision of infrastructure, the remoteness of the region from the industrialized areas of the country, underdeveloped industrial and social infrastructure, weak investment opportunities, a large-scale outflow of the population, etc. The elaborated solutions include the creation of a network of special areas of advancing socio-economic development – the priority development areas (PDA), offering benefits and preferences to the companies-residents of non-extractive industries for the 70-year period. Priority development areas should act as contact zones, providing foreign economic, scientific, cultural and other forms of international cooperation with the countries of Asia-Pacific. DOI: 10.5901/mjss.2015.v6n6s7p32