DIVERSIFICATION OF THE ECONOMY OF SINGLE-INDUSTRY TOWNS AS A WAY OUT OF THE CRISIS

Abstract

The paper is devoted to the issues of diversification of the economy of single-industry towns. The subject of the research is the economy of single-industry towns and their response to the crisis. The authors aim to develop the ways out of the crisis for three cities ofKemerovoregion – Gurievsk, Taiga and Myski. The work resulted in a description of foreign and domestic experience in the development of single-industry towns, the impact of the economic crisis on their economies, measures to diversify the economy of these cities. The results can be applied in municipal programs to overcome the crisis. The authors conclude that single-industry towns whose economies are directly dependent on a limited number of successful businesses have serious problems with their restructuring and development, as the presented industries often have problems or even become completely uncompetitive in the new market conditions. The problem of single-industry towns development is one of the most important forKemerovoregion. A set of proposed actions may diversify the economy of these cities, to replenish the local budgets with taxes and create new jobs.

Keywords

• diversification, single-industry towns, town’s economy, kemerovo region