The Russian Far East remains a strategic priority for Russian regional policy, and in that light, efforts to strengthen its competitive advantage throughout the Asia-Pacific region are continuing. The main aim of the new government policy in the Far East is to create a high quality of life for the local population by building modern manufacturing facilities and creating new jobs, and by ensuring increased economic freedom and opportunities for people to develop their potential. Taking into consideration the natural limitations of the Far East, these issues can only be addressed within the framework of a new economic development model. The government has taken some initial steps, by creating advanced special economic zones and Vladivostok Free Port, and by introducing new support mechanisms for investment projects, giving people free land for business and personal use, and much more besides. Over a period of less than two years, more than 600 new private investment projects, worth a total of USD 35 billion, have been launched. What kind of innovative solutions are being used to build a new economy in the Russian Far East? Do they ensure that the Russian Far East will be internationally competitive? How do private investors from Russia and the Asia-Pacific region assess the new economic conditions in the Far East? What kinds of new projects can guarantee an economic leap forward for Russias Eastern territories? What else should be done in order to create more economic freedom for business and in daily life in the Far East?