Integrated Assessment of Economic Security in a Resource Region

Abstract

The article provides a comparative analysis of existing approaches to assessing regional economic security and proposes an original procedure for integrated assessment of economic security in resource regions. It includes an assessment of economic security thresholds based on Russia’s strategic development priorities in comparison to the level of developed countries, as well as trend and multivariate statistical analyses that help to identify crucial imbalances that threaten economic development in a region. The assessment is based on data from Krasnoyarsk krai. We have identified several economic security paradoxes, namely, an imbalanced development of human assets and the environment, the industrial sector and hi-tech business, as well as disequilibrium in financial security, which are forcing the region to transform from an advanced industrial territory with a diversified economy into a “national storehouse” that has predominantly mining monoenterprises and to end up in the trap of technological inferiority.