Economic Transformation in the Russian Far East

The purpose of this paper is to study the prospect of economic development of the Russian Far East on the basis of the analysis of the present condition of the Russian Far East economy. The study will focus on various macroeconomic indicators of the Russian Far East regions and provide an economic diagnosis on the socio-economic conditions of the Russian Far East. This paper also shows that factors such as perception and will of economic actors who directly or indirectly participate in the RFE economy and the correlation between economic actors can be considered as an important barometer that demonstrates the prospect of economic development in the RFE. The study will also provide some implications on the economic development of the Russian Far East.