Problems and Prospects of Sustainable Development of Mining Regions

Abstract

At times of global financial crisis starting from 2008, nearly all single-industry towns had a different set of problems the main of which was a sharp decline in investment activity, the temporary suspension of investment projects, and from time to time the refusal to implement them. Russia’s economy is represented at a significant level by city-forming organizations in single-industry cities. Core enterprises of single-industry cities provide a large part of the raw materials industries, particularly fuel and steel industry. Regional economic development strategy as a system of measures aimed at the realization of long-term objectives of social and economic development of the state, taking into account the contribution of sustainable regions in addressing these challenges is determined by the actual prerequisites and restrictions on their development. Anti-recessionary measures aimed to improve the situation will have to reduce spending on social programs and personnel, to discharge employees, so they caused drastic consequences.