Authors : Salih A. Bayzulayev, Elmira G. Shurdumova, Leily M. Guzieva, Zalina H. Gergova and Zarema N. Yagumova
Abstract: Modern studies related to the specifics of reproduction processes increasingly focus on the functional role of industry in the development of national economies. Commonly, this problem is associated with the process of social transformation which has led to widespread significant changes in the structure of national economies, accompanied by the creation of new economic activities and new socio-economic relations. The present study provides justification of transformational industrial policy stimulating the development of vertically integrated entities and gives evidences of inefficiency of simple corporate entities (which are a typical example of horizontal integration leading to the simple monopolization). This will allow to implement the integration component of the industry on the world practice-proven principles of cluster development.
Salih A. Bayzulayev, Elmira G. Shurdumova, Leily M. Guzieva, Zalina H. Gergova and Zarema N. Yagumova, 2017. New Perspectives of Organization and Reproduction of Regional Industrial Policy. Journal of Engineering and Applied Sciences, 12: 5777-5783.