Prospects Of The Volga Regional Development In Globalized Economy

Autor: J. D. Ermakova
Rok vydání: 2020
Předmět:
Zdroj: European Proceedings of Social and Behavioural Sciences.
ISSN: 2357-1330
Popis: The total global paradox has the growing tendency which is focused on regional economies developing at their subnational stage. Nowadays scientific papers allocate different directions which establish relationship-building processes between global and regional improvement. One of them is spotlighted on external enterprise structures, determining their capability to assist the cooperation with global market. The second direction focuses on the study of global commodity chains, or global value chains (GCCs/GVCs), as well as the research of regional integration into globalized productive nets and how it changes industries in general. The latest ideas on regional development is pointed out local conditions, preceded the regional economic growth. In opposition, it indicates how clusters at regional level and its industries are implemented into production systems all over the world and to what extent this process influences the development of local economies. The article follows the reasonable concept of interaction between regional success development and global challenges expressed in the production system round the world. Their interference, which is usually called as strategic coupling, is considered one of the most important indicators of development in the region. This process creates the added value, increases manufacturing capacity and improves it due to the strength determination of such interaction. The article highlighted the key conditions to develop region successfully, analysing the globalized interaction and deep the study of some factors considerable for local development at regional level and for the federal in total.
Databáze: OpenAIRE