ETHNICAL ECONOMICS OF NORTH CAUCASUS REPUBLICS AS A FACTOR OF SERVICE SPHERE'S DEVELOPMENT
This work examines the role of ethnic economics as a promising segment of the service sphere of the republics in the North Caucasus. This economics is treated as territorially localized segment of the economics associated with traditional forms of employment of the local people. The authors proceed from the fact that small forms of ethnic entrepreneurship in the services sector in the context of the ongoing economic depression of the republics can play an important role for socio-economic stabilization. Among the main directions of development of ethnic economics with the greatest specific weight categories functions are allocated ethnic tourism, crafts and trades, as well as processing of agricultural raw materials. It concludes that in the difficult conditions of the current economic development of the republics in North Caucasus ethnic economics aims to fulfill a number of specific features: to ease tensions in the sphere of employment; to suspend the crisis processes; to preserve the traditions and customs of ethnic groups and other. This requires gradual inclusion of ethnic institutions economics in the system of market relations.