Abstract
The article discloses the concepts and challenges of sustainable development of the regional economy in the current conditions of Russia's accession to the World Trade Organization (WTO), defines necessary conditions for its providing, develops main directions of regional economic policy which conduce to improve the sustainability of the regional economic development, recommends management tools DOI: 10.5901/mjss.2015.v6n1s3p111
Highlights
In modern conditions of Russia's accession to the World Trade Organization (WTO) the actual task is to ensure the sustainable development of the regional economy.It requires a study of the concept and entity of sustainable development of the regional economy, of the conditions and factors of its ensuring
It is no less important to study the relationship between the sustainable development of the regional economy and the economic stability of its systems within the framework of the mechanism of regional economic development, the source of which is the production of the gross regional product (GRP)
The sustainable development of the regional economy, along with the general laws of development of the national economy is determined by the specific features which are related to the structure of the gross regional product (GRP), a specific gravity of competitive products of the basic economic industries, including exports to total production in the region, security resource potential income and the mentality of the population
Summary
In modern conditions of Russia's accession to the WTO the actual task is to ensure the sustainable development of the regional economy. It requires a study of the concept and entity of sustainable development of the regional economy, of the conditions and factors of its ensuring. The sustainable development of the regional economy, along with the general laws of development of the national economy is determined by the specific features which are related to the structure of the gross regional product (GRP), a specific gravity of competitive products of the basic economic industries, including exports to total production in the region, security resource potential income and the mentality of the population. The problems arising in the conditions sustainable development of the regional economy in the conditions of WTO market will have their regional features. Solving the sustainable development problems of the regional economy requires new approaches in determining the regional economic policy, strengthening the regulatory role of the state in managing the sustainable development of the regional economy, the development of the effective systems, tools and methods of state regulation
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