Strategic priorities and principles of increasing the investment attractiveness of a resource deficient region

In the article the author focuses on the existing internal economic contradictions in regional development. The researcher indicates that classifying a region or including it into the regions lagging in economic development correlates with its resource supply taking into account the raw material nature of Russian economy. The article offfers the author’s interpretation of the concept of a “resource-deficient region”, as well as a gradation of the level of resource deficiency in the region: easy (acceptable) resource deficiency, sufficient (medium) resource deficiency, and deep resource deficiency. The author analyses one of the sources of more effective strategic development of resource deficit regions, it is the growth of investment attractiveness. The author has made a review of measures increasing the investment attractiveness of a region, developed by scientists and researchers. The strategic priorities of increasing the investment attractiveness of a resource-deficient region (depending on the degree of provision of resources) are proposed in terms of types of resources: financial, labor, natural, infrastructural, informational ones. The author has developed a system of principles for the growth of the investment attractiveness in a resource-deficient region (protection of investors’ interests, reasonable preferential conditions, economic feasibility of measures being developed, variability of measures increasing the investment attractiveness, optimal use of resources). The suggested principles allow optimizing the implementation of the tasks of forming the investment attractiveness of a resource-deficient region, creating the most comfortable conditions for internal and external investors, thereby increasing the competitiveness of the investment sector of a resource-deficient region, and developing measures to increase the investment attractiveness taking into account the specifics of a particular resource-deficient region. The author recommends reflecting the principles of increasing the investment attractiveness of a resource-deficient region in the main strategic documents that determine the development measures of a resource- deficient region, linking them with tools to achieve strategic goals and objectives of the investment development of a resource-deficient region. The mechanisms of increasing the investment attractiveness of a resource-deficient region are studied based on the Chuvash Republic.