Concept of regional management in the period of search for effective model of economic development of Russia

Abstract

The paper considers the current model of economic development of Russia, its specifics and disadvantages in the context of systemic crisis causes. It is shown that Russia’s spatial development confirms the failure of the current economic development model. The analysis of financial and economic indicators suggests that levels of socioeconomic development of regions of Russia are unreasonably highly unbalanced, which may pose serious threats to the social stability of the State. Examined are the problems of implementation of regional policy at the sub-federal level and its priorities. It is concluded that incorporation of priorities and principles of economic policy implementation into the decision-making process may allow high effectiveness of management system.

Keywords

• management system
• effectiveness
• investments
• differentiation in economic development levels
• priorities and principles of regional policy implementation.