Reforming Industrial Policy of the Region in View of Harmonization and Economic Security

Abstract

The article studies the possibility of economic risk minimization in industrial sphere at the expense of industrial policy harmonization in line with economic security. Due to the fact that the level of industrial development in the Russian Federation is still on the post-soviet level, new ways of resolving acute economic problems are needed. Harmonization is necessary so that a new program of industrial development could integrate in the economic system. The author investigates different approaches to interpreting the notion ‘harmonization’ in economic context by experts dealing with possible rise in entrepreneurship efficiency in the Russian Federation. By analyzing such approaches the author’s position on industrial policy harmonization was formulated for the concrete region. At the same time the author developed the system of approaches to minimization of economic risks, rise in industrial efficiency in regions at the expense of harmonization of state policy.

Keywords

• regional economy
• harmonization
• industrial policy
• economic risks
• economic security