Theoretical Foundations of the New Industrialization of the Mining Region under Globalization

Abstract

This study is intended to establish theoretical foundations of the new industrialization of the mining region under the globalization. The urgency of the problem is due to a significant de-industrialization of many branches of the Russian economy as a result of the neoliberal macroeconomic paradigm in the years of radical market reforms. As a result, a number of Russian regions has formed the structure of industrial production, which is characteristic mainly for the countries of the raw materials periphery. The authors see the new industrialization (neo-industrialization) as a strategic tool for solving the problem. The trend that has formed in the Russian regional policy to transfer the responsibility for the economy modernization to the regional level has attached the special importance to regional studies. Exhaustion of predominantly raw-materials export model of economic growth has put Kuzbass, the mining region in Western Siberia, in the most difficult situation due to its tight dependence on the state of the world market of energy resources. This article presents a theoretical justification of the need, feasibility and advisability of neo-industrialization for the mining region in the conditions of globalization.