Shagiev Z.I.Division – National Bank of Republic of Tatarstan of Volga-Vyatka Main Branch of Central Bank of Russian Federation, Kazan, Republic of Tatarstan, Russian Federation zufar.shagiev@tatar.ru ORCID id: not available
Importance This article deals with the issues of competitiveness of the regional economy, including the issues related to the quality of life. Objectives The article aims to develop a model of regional economic policy in the context of global competition. Methods For the study, we used economic and mathematical methods, and the methods of systems, statistical, and comparative analyses, and official statistics data. Results The article introduces the results of the analysis of the main lines of improving the management efficiency of regional economic systems. Conclusions The global challenges facing the regions require a revision of the economic growth model, if the main criterion for business effectiveness is the creation of world-class products and services, and the growth of quality of life becomes a priority for the State.
Keywords: Industry 4.0, competitiveness, economic growth, regional awakening, technology
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