Economic Development of Rural Areas

At the meeting of the National Projects and Demographic Policy Council the President of the Russian Federation emphasized that “Rural areas have a effective monetary, demographic, natural, historic and cultural capability. Our aim is to use it efficaciously for the advantage of the complete u . S . A ., for you to gain a new excellent of existence for hundreds of thousands of our residents.”

Currently, the decision of issues of the improvement of rural regions of the Russian Federation is performed in the framework of the concept of long-term socio-economic improvement, the food protection doctrine and the federal software “Sustainable development of rural areas.”

The effectiveness of the development of territories is characterised by means of comparing the impact obtained with the cost of the resources or expenses used. Determination of the effectiveness of the development of territories is primarily based on a contrast of its results with the cost of labour and with the fee of efficient sources. Development is associated with the concept of financial capacity.

The phrase “potential” way opportunities, resources, equipment, resources, which may be actuated and used for fulfillment of certain dreams. Availability of belongings capacity because of the economic balance and environmental conditions is understood as an financial ability. The economic interpretation of “ability” regards it as the capability of the economic entity to ensure its lengthy-term performance and fulfillment of strategic desires the usage of the machine of available sources.

In this regard, we endorse method for evaluation of the monetary potential of rural areas, which permits taking into account the consequences of the sustainable management of certain regions. We believe that the economic capability of rural regions can be visible as the qualitative traits and quantitative measurement parameter. To try this it’s far necessary to outline a fixed of indicators, the composition of which depends on the functions of assessment and wishes of the evaluation situation. Since it’s miles tough to present the priority to any precise standards, we suggest to carry out a complete evaluation of the financial potential of rural areas, which lets in calculating the critical index, which characterizes the municipality and the place as a whole.