Modern approaches to managing the development of the Arctic zone

The issue of the development of hydrocarbon deposits in the Arctic zone belongs to the category of strategic and urgent. Its solution, in fact, is the use of a chance, the implementation of which would allow to overcome the single -industry specialization of the country, reduce the degree of raw materials orientation and solve structural and technological problems to restore the industrial subsystem. Overcoming these difficulties can be accomplished by revaluing the institutions of post -reform Russia and adjusting them in terms of the synthesis of commercial and statistic approaches to industrial policy. The institutional way of research is new (although it currently has wide variability). The authors, in the form of a worker, chose a statement by L. Thevenot regarding the theory of agreements, which states the presence of seven subsystems ("worlds") in society that participants in economic transactions encounter. In this context, the purpose of the study is to modernize the management model of the Arctic zone, taking into account both the traditions of institutionalism with its ideas about the strong influence of management institutions on the economy, and the directions of new institutionalism with its theory of agreements. At the same time, as a hypothesis, it is noted that achieving the goal involves analyzing the control object taking into account its basic characteristics, reflecting the real fundamental principle in a specific subsystem. The institutional method of research makes it substantively to answer the question of the role of the state in industrial policy: to determine the nature of the model and the degree of intervention, taking into account the features of the functionality of the management object, its belonging to a certain subsystem, role, geopolitical significance, cycle duration and degree of fusion with other participants in inter -economic relations. According to the theory of agreements, the Arctic zone (as well as other regions of the Far North), according to the authors, belongs to the number of management objects that are organically poorly compatible with universal norms of market behavior. Based on the nature of economic relations in the Arctic zone, we note that subsystems of industrial, ecological, traditional and creative activities are immanent for it. Conclusions are drawn that the provisions of the theory of agreements are a convincing argument for an institutional view of the Arctic zone. Therefore, the solution of the issue of transformation of the economic model of the development of hydrocarbon deposits in the Arctic zone in the context of the proposed synthesis of commercial and statistic approaches is of particular importance.