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The subject of this study is formation and effectiveness of measures of the state support for development of the economy of the Far-Eastern federal district of the Russian Federation. The article discusses measures of investment, infrastructural and financial support for the economic entities and the social sphere of the Far East, which have been formed in the recent years under the influence of the goals of its development, the structural transformation of the economy of the Far-Eastern regions and external challenges caused by financial and economic crises. Particular attention is paid to the measures of state support for development of the investment activities in the Far East, financial support for small and medium-sized businesses, as well as support for the economy in connection with the new challenges related to the coronavirus pandemic. The qualitative difference in external challenges, crisis phenomena associated with the economic, financial reasons, as well as the causes of the crisis caused by a viral pandemic require constant transformation and development of mechanisms and measures to support the economy. Difference in the reasons entails fundamental differences in the means of ensuring recovery growth. It is shown that the constant adjustment and readjustment of measures to support the development of the Far Eastern economy and business, the variety of measures proposed to accelerate the development of the economy and create a new quality of life for the population of the Far East did not become a driver of accelerated growth. New challenges can become a platform for the further transformation of structure of the Far-Eastern economy and make it necessary to adjust the priorities, tools and measures to support development of the Far-Eastern economy.

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The article analyzes the issues of industrial policy development in the Russian Far East. The development projects and programs implemented in the Far East region are reviewed. The works of Russian and foreign academics examining the project-oriented, program-based, and system approaches to the industrial policy implementation served as a theoretical background. The research methodology is based on the systematization of factors, measures and instruments enabling an assessment of the nature and probability of achieving the main results, as well as the potential consequences of applying various approaches to the industrial policy implementation in the Russian Far East. The conditions of the industrial policy implementation are analyzed. The effects of various approaches on the industrial capacity building in the Far Eastern region are specified. Priority focus of various approaches to the industrial policy implementation in the Russian Far East are defined, their means of accounting for the region-specific factors is determined. It was established that the industrial policy of the Russian Far East is limited to several key export orientation areas.

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