Prospects of Attaining Competitive Advantages and Removing Infrastructure Restrictions in the Republic of Tyva: Challenges of the Time

DOI

10.2991/aebmr.k.200324.020How to use a DOI?

Keywords

Angara-Yenisei macroregion, spatial development, investment climate, level of socio-cultural and economic development, human potential, national configuration of institutional elements

Abstract

Accounting for paper considers the potential of structural transformations of the Republic of Tyva with account of the specific features of its territory in the context of the new spatial development strategy of Russia and the long-term interests of the state in the Angara-Yenisei macroregion. Its objective isdevelopment and argumentation of a new vision of the role of the state as a coordinator and regulator of the development prospects of the Republic of Tyva, necessary for the dynamic development of its entire territory and the achievement of Russia’s strategic interests in the Asia-Pacific region. The paper states the lost opportunities of the Republic of Tyva due to the poor saturation of its territory with factors of production and the low level of development of the local infrastructure. It studies the main directions of the current and future development of the Republic of Tyva in the context of evaluating the effectiveness of the structural transformation policy. It is proved that the choice of the development vector of the territory of the Republic of Tyva having a large resource potential can directly influence the atmosphere of progressive growth and entrepreneurial initiative, which needs coordinating participation from the authorities. The paper gives reasons for the interdependence of the underdeveloped financial markets of the region and the investment deficit, which necessitates the implementation of state support measures. The conclusion is drawn that the systemic process of increasing the efficiency of using the resource potential and creating an attractive environment for investors in the Republic of Tyva requires greater involvement of government structures both through specific regulatory measures and using a wide range of indirect methods based on approaches to coordinate socio-cultural and economic development.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Anatoly Asaul
AU  - Maksim Asaul
AU  - Yuri Levin
AU  - Vyacheslav Sevek
PY  - 2020
DA  - 2020/03/30
TI  - Prospects of Attaining Competitive Advantages and Removing Infrastructure Restrictions in the Republic of Tyva: Challenges of the Time
BT  - Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)
PB  - Atlantis Press
SP  - 110
EP  - 115
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200324.020
DO  - 10.2991/aebmr.k.200324.020
ID  - Asaul2020
ER  -