Tatiana Skufina, Luzin Institute for Economic Studies

Sergey Baranov, Luzin Institute for Economic Studies

Vera Samarina, Luzin Institute for Economic Studies

Lyubov Larchenko, Herzen University

Purpose of the study is to find out the specific aspects of social and economic performance of the Russian Arctic within the context of strategic management positions and scientific views on the priorities, tasks, opportunities, and limitations concerning reclamation of this area. Methodology: includes three approaches: 1) critical summary of policies, strategic management positions and historical facts concerning the development processes of the Arctic (over 200 documents of the period 1932-2020 have been studied); 2) surveys of the Arctic region population – of Murmansk Region – in the representative sampling; 3) analysis of the statistical data characterizing social and economic processes in the Russian Arctic, including the consideration of demographic indicators, identifying trends and dependencies between the key GRP production factors. Main Findings: 1) it has been found that politics and strategic management is the determining factor of influencing the development of the Russian Arctic, and a new impact factor has been identified – expansion of ideas that transforms priorities; 2) the authors have found a positive effect of the modern policy on the development; it has slowed down migration and ensured the growth of investments, but at the same time, risks of migration aggravating in the nearest future have been identified (strong migration sentiments have been revealed), and most intensive disturbances of economic processes are observed (there is no relation between the number of employees and GRP, and in a number of the Arctic regions, investments do not ensure the growth of GRP).