Abstract
Based on the interpretations of competitiveness existing in the literature, the paper considers the competitiveness of the regional economy. The methodological principle of symbiosis of political economy and institutionalism shows that the development of the economy should be based on the knowledge of economic laws and the development of proper institutions that consort said identified laws (institutionalization of economic laws). The paper contains an outline of a range of topical issues related to the implementation of the competitive advantages of Russia and its regions. Among them is the comparison of the territory to an economic resource that requires integrated use; ensuring the integrity of socio-economic space, infrastructure development of territories, development of territorial and production complexes (clusters), human resources problem, etc.
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