Abstract
The transition to a strategic planning system, basing on long-term goals for setting and solving management problems, emphasizes the importance of the investment block of programs and projects for the development of Russian regions’ economy. It is the regional level of such management which forms prerequisites for the overcoming of long-term investment recession in Russian economy. Regional investment strategies create necessary conditions for the effective implementation of investment and industrial policy of the regions, for achieving structural changes in their economy- both of sector and spatial nature. In this regard, thorough elaboration of the investment block in all programs and policy measures becomes one of the main conditions for their successful implementation. This applies equally to two main constituent parts of the investment policies and strategies of each region, namely, the effective implementation of budget investments and the measures, aimed at ensuring a favourable investment climate in the regional economy and at forming economic, legal, institutional and other prerequisites for the inflow of both domestic and foreign investments. The necessary conditions for effective investment strategy in the regions of the Russian Federation include the development of public-private partnerships, support for the business activity of small and medium-sized enterprises (SME), the development of regional financial markets.
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