ROSTOV REGION: STRATEGIC ECONOMIC PLANS GIVEN THE CURRENT DEVELOPMENT OF THE RUSSIAN FEDERATION UNDER SANCTIONS

Kamilla ABAZIEVA, Svetlana GONCHAROVA, Dmitry STRATAN, Olga GUDENITSA, Aleksandra VORONINA


Kamilla Abazieva, D.Sc. (Econ.), Professor at the Department of Human Resource Management and Sociology, Rostov State University of Economics (RSUE) (Rostov-on-Don, Russian Federation)

Svetlana Goncharova, Ph.D. (Econ.), Associate Professor at the Department of General and Strategic Management, Rostov State University of Economics (RSUE) (Rostov-on-Don, Russian Federation)

Dmitry Stratan, Ph.D. (Econ.), Associate Professor at the Department of Finance and Credit, Don State Technical University (DSTU) (Rostov-on-Don, Russian Federation)

Olga Gudenitsa, Ph.D. (Econ.), Associate Professor at the Department of Economics and Management, Moscow Academy of Entrepreneurship under the Government of Moscow (Rostov-on-Don, Russian Federation)

Aleksandra Voronina, Ph.D. (Econ.), Associate Professor at the Department of Human Resource Management and Organization Theory, Rostov State Transport University (RSTU) (Rostov-on-Don, Russian Federation)


ABSTRACT

The purpose of this study is to propose ways to enhance the regional competitiveness of the Rostov Region's economy through an improvement in the sectoral and infrastructure aspects of development in a situation of interregional competition under sanctions. The region is a key element not only of the countrys administrative-territorial division, but also of its economic zoning. Today, the meso level of the economy is an important structural component of effective economic development of a country and its successful representation in the system of regional and international division of labor. Although economic efficiency and competitiveness are traditionally considered at the level of individual enterprises, the current dynamics of economic development characteristic of all national economies within the global economy point to the growing role of the state (at both national and regional level) in economic interactions and in improving and strengthening support for economic agents. In the current development of the Russian Federation, characterized by the principle of federalism (which reflects the division of powers between the federal center and the constituent entities of the Russian Federation), the role of the regions and the degree of their influence on economic development processes, on the improvement of living standards and the creation of conditions for an increase in the competitiveness of economic agents are quite significant in the face of economic sanctions. The key aspect that reflects the role of the meso level for economic development is interregional competition, which covers questions such as the attraction of mobile resources to the region, location of production, and access to federal support. In this context, a highly important area of analysis of regional economic development is a comparative study of the key parameters reflecting the macroeconomic development of Russian regions, the dynamics of quantitative and qualitative growth indicators in different sectors, and a quantitative assessment of the development of all types of infrastructure: from primary to tertiary, which reflects the development of research and innovation. As for the sectoral dimension of analysis, the key question here is to identify the relative competitiveness of each of the groups of sectors (industry groups), aggregated by technology, in order to identify the competitive positions of regions, including the Rostov Region, in terms of technological intensity. A study of current competitive positions in areas of specialization crucial to the Rostov Region conducted as part of our comparative analysis of sectoral dynamics is highly relevant in this context. The practical importance of this work is based on a set of recommendations that make it possible to create a system for managing competitiveness, for recording and controlling development trends in different areas of the regional economy, and for decision making on key issues in the development of the economic complex of the Rostov Region and its elements.

Keywords: competitiveness, sanctions, interregional competition, basic and infrastructure factors.


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