Moroshkina M.V.Institute of Economics, Karelian Research Centre of Russian Academy of Sciences, Petrozavodsk, Republic of Karelia, Russian Federation Maribel74@mail.ru
Importance Currently, establishing the cooperation with neighboring States constitutes one of the most vital priorities for the development of border regions. Sustainable development of those regions requires more intensive integration of markets and involvement in the cross-border cooperation. Objectives The research examines and evaluates some economic and social indicators reflecting the development of regions in the neighboring States with different economic policy. The research focuses on the economic level of the border regions of Russia and Finland, which is evaluated through various economic and social indicators. Methods The research relies upon the public domain statistical data on Russia and Finland. Results I performed a comparative analysis through some economic and social indicators of border regions in different time periods and compared economic and social indicators of border regions' development. I evaluated the development of the border regions on the basis of classical methods for economic disparity assessment. Conclusions and Relevance The research into basic indicators provides a general view of socio-economic development of border regions and its trends. The research brings scientific novelty as it examines and compares economic and social factors that specifically describe the border regions. The regional development has been considered at the cross-national level, rather than cross-regional one.
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