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National Interests: Priorities and Security
 

Economical peculiarities of area’s development of business in North-Caucasian federal district’s subjects

Vol. 7, Iss. 12, MARCH 2011

Available online: 22 March 2011

Subject Heading: ECONOMY DEVELOPMENT STRATEGY

JEL Classification: 

Kancerov R.A. Master of economic science, Professor, prorector of finance development and social work, Director of Economic Institute of North-Caucasian State Academy of Art and Technology
kancerov@mail.ru

Adzhikova A.S. Master of economic science, Reader of «Finance and credit» department of North-Caucasian State Academy of Art and Technology
altu77@mail.ru

Authors investigate the idea of ethno economy, the rule of national-peculiarity in economic life. Characteristics of economy of polyethnic area after the example of North-Caucasus’ subjects are reflected in this article. The ways of going out of local markets on international level on the base of development of traditional kinds of economic activity in small business were considered. The authors concluded that ethno economy provides economic stability of area’s economic system during the transformating period.

Keywords: ethno economy, metaregion, anclaves of traditional economy, polyethnic region, ethno economic risks, small business, state supporting of business

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ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

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