Authors:
E. A. OSTAPENKO, candidate of economic sciences, associate professor, associate professor of the department of financial management and banking,
Stavropol State Agrarian University (12 Zootechnicheskiy lane, 355017, Stavropol).
Abstract. The modern economy is characterized by a high activity of the processes of integration and globalization. In such conditions, the success and sustainability of the development of the state is largely determined by the level of competitiveness of its national economy, which, in turn, largely depends on the parameters of regional development, which are sufficiently isolated parts of the single economic space of the country. Regions that effectively use the available development opportunities find rational ways to expand it, create favorable conditions for doing business in a single economic space and growing competition, get more opportunities to solve problems of balancing and self-sufficiency of regional and local budgets, employment, quality of life. On the contrary, regions that are unable to maintain an appropriate level of competitiveness and effectiveness of measures to form and use social and economic potential are not able to create appropriate competitive advantages, which ultimately is the reason for strengthening the differentiation of Russia’s regions to the most important indicators of social and economic development. The article is devoted to the research of priority directions of development of the regional economy on the example of the Stavropol Territory. The study is based on the method of analyzing hierarchies, based on which, using expert assessments, a matrix of priority directions for the development of the region’s economy is constructed, and key factors that influence the solution of this problem are revealed. The results of the research showed the need to identify the functional subsystems of the region’s economy in the context of exacerbation of spatial competition. The proposed method of improving the territorial management mechanism ensures systematic ordering of the regional economy.
Keywords: functional subsystems, economy, region, territorial management, competition.
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