DEVELOPMENT OF AGRICULTURAL LOCAL TERRITORIES UNDER THE INFLUENCE OF NATURAL-EXOGENOUS FACTORS

Abstract

The article discusses the impact of the major exogenous factors on the development and effective functioning of the local territories. Notion of the regional economic development is based on the research that study factors, characteristics and conditions for economic growth. In this sense, the study of the influence of exogenous factors is a new scientific direction, which allows, based on an analysis of the degree of influence of these factors, to determine strategic directions for the prospective development of local territories by optimizing the use of resource potential and the production of products and services taking into account the specifics of the local territory.
 As a result, the analysis identifies the determinants that affect the development of local territories: economic, informational, socio-cultural and public ones. The economic factor is assessed in terms of fiscal policy in the region and is evaluated as a factor in the adverse effect, in view of the traditional subsidy of the region. Factors with positive influence on the development of local territories can be classified as informational, socio-cultural and public. Thus, we can conclude that there are both positive and negative effects of endogenous factors in the region. All in all, the majority of natural and exogenous factors in the Altai Region have a positive impact, thereby creating favorable conditions for the functioning of local territories in the region.