Economic development strategy of mining south Russia

The relevance of this study due to the fact that economic reform in 1990 was the reason for bankruptcy earlier subsidized mining enterprises that were city-forming agents. The article describes the causes of the degradation of the economy mining regions of the South of Russia, which led to increased depression of the economy associated with the provision of the business processes implemented to meet the needs of the regions. Recommended direction of economic recovery through technological diversification as an alternative to the traditional production of the official exchange rate of the mining regions of the South of Russia.