ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 51 No. 2 (2021)
DEVELOPMENT OF THE NORTH AND THE ARCTIC

Arctic Corporation: Choosing Approaches to Create New Theory

PDF (Русский)
  • A. Pilyasov,
  • A. Bogoduhov
A. Pilyasov
Lomonosov Moscow State University, General Director of ANO “Institute of Regional Consulting”
Bio
A. Bogoduhov
Lomonosov Moscow State University Moscow
DOI: https://doi.org/10.30680/ECO0131-7652-2021-2-62-84

Published 2021-02-01

Keywords

  • Arctic corporations,
  • OLI paradigm,
  • resource chain,
  • evolutionary economics,
  • economical geography,
  • platform as a business model,
  • Novatek,
  • Gazpromneft,
  • Norilsk Nickel,
  • Arctic,
  • theory of multinationals
    • ...More
    Less

How to Cite

1.
Pilyasov А, Bogoduhov А. Arctic Corporation: Choosing Approaches to Create New Theory. ECO [Internet]. 2021 Feb. 1 [cited 2024 Dec. 25];51(2):62-84. Available from: https://ecotrends.ru/index.php/eco/article/view/4196

Abstract

In the first part of the article (see ECO № 1/2021), the main provisions of the theory of Arctic resource TNCs were formulated, their radical differences from TNCs operating in the manufacturing industry and services were analyzed. However, there are no less serious differences between Arctic corporations relative to each other, largely determined by the specifics of natural assets and the challenges that this specifics and location pose to companies. In addition, in recent years, there has been a trend towards hybridization of mining and processing companies in the Arctic due to the placement of the processing stage at the place of resource extraction and the transition of companies of different specializations to a platform model of organizing business processes. The differences between the traditional and platform models of corporate development of the Arctic are shown, and it is proved that in the second case the social costs of development are higher. This makes it necessary to enhance the role of the state in establishing general rules of conduct for public and private resource corporations in the Arctic.
PDF (Русский)

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