The Strategy for the Development of the Arctic Zone of the Russian Federation through The Concept of a Regional Indicators System

Abstract

The article presents an approach to the strategic development of the Arctic zone of the Russian Federation based on a system of regional indicators as transformation of the Balanced Scorecard method. The regional indicators system approach allows elaborating the general concept of comprehensive regional development taking into consideration economic and non-economic factors. The main peculiarities of the Arctic zone of Russian Federation are described. The general strategic chart of development of the Arctic zone was worked out based on the regional indicators system concept. The key target indicators of the strategic development of the Arctic zone are presented for the following strategic chart components: regional finance; society and market; industry and entrepreneurship; education, development, and innovations. These charts are to be integrated with the national strategic chart and regional charts of lower levels. The authors use cascading as a process of working out and transformation of comprehensive regional indicators based on the goal-oriented approach for every level of regional governance.

DOI: 10.5901/mjss.2015.v6n5s4p379