DIVERSIFICATION OF THE REGIONAL ECONOMY

2023

Closed access Metadata (CSL-JSON)
DOI 10.32014/2023.2518-1467.608
Data confidence 70 medium
How this score is calculated

It is built from checkable properties of the record itself: whether the article has a DOI, how many independent sources confirmed its data, whether the required fields are filled in, and how recent the latest confirmation is. Disagreement between sources and a missing identifier lower it. A value of 80 or above means the record was published without further checking; 60 to 79 means it is published at reduced confidence, with a manual check advisable. A record verified by an editor by hand is never pushed below 90 by a recalculation. This scores our data about the article, not the article itself.

Abstract

This paper examines various aspects of the problem of mitigating intraregional development inequalities using diversification strategies. At the present time, in many localities of our country, we trace a strong gradation between territorial units, respectively, this does not reflect in the best way on the activities of these units and the livelihoods of residents of these regions. The current everyday problems do not allow the heads of territorial units to even think about this. Practice shows that the same methods are used. These are financing of social obligations and transfers of different levels. All this relates to current issues and, accordingly, costs. There are deep solutions. This is the use of such opportunities as formatting the economy from the inside. The improvement of production involves the development of several unrelated types of production in a single time, the expansion of the range of goods and services produced. A diversified regional economy means the comprehensive development of a multi-valued economy that is relatively resistant to economic crises. Only standard models of production economics and their resources can be found and studied in the scientific database. It should be noted that everything has been prescribed and laid out procedurally for a long time, but it cannot be said about why it is necessary at all, how, when and who should take certain measures on the ground (Popov, 2012). In the current world, including in the life of regions, the strengthening of such processes is associated with the laws of the modern market, the development of labor resources and industrial activity. Of course, this whole regional process only has a positive impact on the sustainable development of the country as a whole, and also increases competitiveness both between and within regions. In addition, it increases supply in all markets on the one hand, and demand on the other hand for all segments of the population, regardless of wealth. There is a stable interdependence between such indicators as industrial modernization and the sustainable development of local economies. This diversification and interconnection is clearly evident in regions with high human capital. The practical application of these results depends on the need to develop a modernized local policy.