The Concept of Provision of Regional Economy’s Global Competitiveness

The purpose of the article is to verify the offered hypothesis and to develop the concept of provision of regional economy’s global competitiveness by the example of modern Russia. For that, the authors determine competitiveness of Russian regions and conduct statistical analysis, aimed at determination of differences, their depth and dynamics of change. The proprietary methodology of transferring the national values of the competitiveness index into global values is used. As a result of the research, the authors come to the conclusion that modern Russian regions, despite the national integrity, are characterized with a high level of differentiation. On the one hand, their peculiarities emphasize their uniqueness, and, on the other hand, they cause different levels of attractiveness from the point of view of territorial marketing – for residents, investors, employees, entrepreneurs, tourists, etc. This is a reason for quick development of certain regions due to attraction of larger volume of resources of all types, while other regions are behind them as to the level of socio-economic development. This increases disproportions in development of the Russian regional economy, which is a serious problem, influencing the rate of the national economic growth and social development. In order to solve this problem, the authors develop the concept of provision of global competitiveness of the regional economy.