Economic Growth And Economic Development Of Regions Of Russia: Conditions And Opportunities

Abstract

The article introduced and reviewed the concept of “digital capital” as a necessary condition for economic growth in modern economies. The results of a comparative analysis of digitalization in Moscow and the Chechen Republic with the average Russian level are presented. Within the framework of additional conditions for economic growth, the situation regarding the state regulation of the Russian financial market was considered, namely, the consequences of the implementation by the Bank of Russia of the principle of proportional regulation of banks and non-bank credit organizations and the concept of proportional regulation and risk-oriented supervision of non-credit financial organizations. It is proposed to carry out a correction, firstly, the adopted strategy and program of digitalization of the Russian economy in the direction of strengthening the territorial aspect, and secondly, the approach to the proportional regulation of the Russian financial market towards its decentralization. The conducted studies were carried out in order to work out solutions for leveling the problem of constraining economic development and the rate of economic growth in the regions of Russia in the conditions of digitalization of public relations and strengthening the sanctions regime.