International Business Management

Year: 2015
Volume: 9
Issue: 6
Page No. 1363 - 1366

The Competitiveness Potential of the Regions of the European Part of Russia as an Important Factor of the Social-Economic Development of a State

Authors : Marianna R. Shtanchaeva, Olga V. Zjablova and Ramil R. Denmukhametov

Abstract: Competitiveness of the regional formations is the sufficiently explored issue in the economic and economic-geographical studies. Numerous researchers successfully worked out the issues relating to analysis of the competitive advantages of the regions, competitiveness factors, the issue of investment attractiveness. The study considers the concept of the competitive potential of different regions as well as presents the analysis of competitiveness of the Russian regions lying in the European part of the country. The topicality of this subject consists in the fact that improvement of competitiveness of the regions of the Russian Federation is the essential condition of their sustainable development, assurance of the food and other kinds of the state security, enables complication of the social-economic system of the regional territory. Enhancement of the competitive edges of the region promotes to increase in the welfare of the population as well as rational utilization of resources. The regions of the European part of Russia are old-cultivated territories with the developed industry, infrastructure, centuries-long history. It was the social-economic development of the European regions of Russia that traditionally determined the general level of the state development. The grouping of the regions of the European part of the country by the values of the partial competitive potential was performed as well as the integral grouping of the regions by the values of the general competitive potential was composed. According to our estimates, the most competitive regions at the same time enjoy the largest resources deposits as well as the developed infrastructure and modern industry.

How to cite this article:

Marianna R. Shtanchaeva, Olga V. Zjablova and Ramil R. Denmukhametov, 2015. The Competitiveness Potential of the Regions of the European Part of Russia as an Important Factor of the Social-Economic Development of a State. International Business Management, 9: 1363-1366.

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