Authors: A.S. Marshalova, A.S. Novoselov, G.D. Kovaleva

Title of the article: Regional policy: priorities and principles of implementation

Year: 2016, Issue: 3, Pages: 128-135

Branch of knowledge: Economical sciences

Index UDK: 338.98

DOI: -

Abstract: Substantiated in the paper are methodological approaches to the development of regional policy, its priorities and principles of its implementation as well. Set out are the main objectives, structure and content of regional economic policy. Determined are the preconditions of regional economic development affecting regional competitiveness. Developed are the instruments of regional policy performing regulative and stimulating functions. It is proposed to use the Cluster approach for regional economic policy development and implementation. Specified are the priority directions for regional development and realization of regional competitive advantages. On the basis of the best practices of regional development planning taking into consideration its applicability, new governance mechanisms ensuring effective regional economic policy implementation are proposed.

Key words: regional policy regional economic development cluster approach governance mechanisms

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