specifics of economic development Amur Region - Specifics of economic development The Amur Region has a large reserve base for Russia. The most important transportation system of Europe and Asia goes through this Region. Traditionally the most attention is given to address the development of farming. The obvious leader in national income is industry. In 1993 a whole output of production in this sphere produced 340 million U.S. dollars. In the region there are 650 industrial firms, 180 of which are most successful. A great role is played by fuel and energy complexes as well as by the forest industry. Together these different aspects create a picture of what the region looks like to the rest of Russia in the field of industry. In the last years gold has been the main focus. When one looks at the serious economic situation of the Amur Region one sees that the region is rich in resources but cannot independently finance all of its farming and work force potential. About forty percent of the necessary funds for the realization of this potential comes from the Russian Federation. This is due to a shortage of companies which are able to process the local natural resources. Inefficiency is a problem found in industry and in large farms. One of the ways to have an effective economy with independent finances is for the independent governance of the region. Today there are more than 350 private firms. In the beginning of 1994, government firms and farms dropped to five percent of the total. The creation of many investment projects is to establish in this region a high level of stability and to use a high level of technology. This realization has attracted Russian as well as other capital.