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Regular version of the site

Book chapter

Evolution of Forms of Economic Activities in the Arctic - from Separate Projects to Spatial Chains

Krukov V. A., Mezhidova D.

In the XXI century the Arctic region is a matter of huge interest of many parties, including not only countries, but also large companies and international organisations. Fragile environment, influence of climate change, technological progress, rich resource base and unresolved border

disputes guarantee attention to the territory. However, even considering those variables, we believe that system analysis is more relevant, giving an opportunity to see the whole picture instead of fragments and local issues. The main question posed in this work is how to find balance between common and specific, general and individual in the Arctic, and the authors believe they succeeded in solving this problem. We believe that understanding of the Arctic is only possible when taking into consideration its history, geography, environment, legal issues and economic prospects. In other words, the only approach possible needs to cover all the regional issues and analyze these important factors, which is provided by the new institutional economics, through the union of fundamental and applied science.