Key Aspects of the Economic Potential Development of the Agro-Industrial Complex of the Northern Regions (Case Study of the Komi Republic)

Journal Title: Arctic and North - Year 2023, Vol 50, Issue 50

Abstract

The article presents a scientific approach to the actual problem of the formation of a full-fledged econom-ic potential (industrial and consumer) of the agro-industrial complex of the northern regions. The key premise of the study is that the content of the economic potential makes it possible to identify not only the dynamics of the accumulation of production capacities, but also to determine the trends and pro-spects for socio-economic, environmental, infrastructural, demographic and market transformations. The principle of conducting a systematic analysis of the state, composition and structure of the agro-industrial complex of the regions of the North of potential was chosen as the main prerequisite for the study. The most reliable method that reveals the directions of the prospective development of the agro-industrial complex of the regions of the North is a retrospective analysis of the state of their technical, economic and other indicators. Given the interrelated and interdependent properties of the economic potential, it is proposed to develop the production and consumer potentials of the agro-industrial complex of the re-gions of the North in a single context of relevant economic relations and development strategies. Empha-sis should be placed on the constant renewal of the elements of the economic potential of the agro-industrial complex of the Northern regions. An important role in increasing the economic potential of the agro-industrial complex of the Northern regions should be played by the formation of regular state finan-cial, economic, legal and other support for the agro-industrial complex of the regions of the North. The long-term strategic line for the development of the agro-industrial complex of the regions of the North should be determined not only by the level of production and sales of marketable products, but also by the combination of state and non-state program measures into a clear and coordinated effective system of strategic measures. It is recommended to regularly transform the elemental structures of the agro-industrial complex of the Northern regions from a passive state into an active carrier of intellectual capital, fixed assets and investments.

Authors and Affiliations

Aziz A. Mustafaev, Nikolay D. Naydenov, Tatyana A. Naydenova

Keywords

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  • EP ID EP715331
  • DOI 10.37482/issn2221-2698.2023.50.47
  • Views 62
  • Downloads 0

How To Cite

Aziz A. Mustafaev, Nikolay D. Naydenov, Tatyana A. Naydenova (2023). Key Aspects of the Economic Potential Development of the Agro-Industrial Complex of the Northern Regions (Case Study of the Komi Republic). Arctic and North, 50(50), -. https://www.europub.co.uk/articles/-A-715331