The Concept of Economic and Social Development of Region Within Global Crisis Management

Abstract

The purpose of the article is to develop the concept of economic and social development of Russian regions that corresponds to requirements of global crisis management. With the help of methods of correlation and regression analysis, the authors determine the most important factors of economic and social development of modern Russian regions. The objects of the research include regions of Russia of various sizes and various places in ranking of socioeconomic development—for the purpose of representativeness—Moscow and Leningrad Oblasts (leading regions), Kirov and Volgograd Oblasts (medium regions), and Kostroma and Pskov Oblasts (underdeveloped regions). The results of the analysis contradicted the provisions of existing concept of economic and social development of the region. Thus, instead of direct correlation of subsidizing and socioeconomic regional development, we can see reverse and insufficiently strong connection; instead of reverse connection between competition in regional markets and socioeconomic regional development, we see strong direct correlation. The influence of post-industrialization and development of foreign economic relations is insignificant. At the same time, the offered hypothesis on strong and direct influence of other factors on socioeconomic development of a region—investments, interaction of state and business within public–private partnership, level of informatization, and innovative activity—was confirmed. This shows that the use of existing concept could be a reason for high aptitude of Russian regions to economic crises. That is why as an alternative to existing concept of economic and social development of a region, this work offers a new proprietary concept, adapted to modern economic conditions and requirements of global crisis management.