Subject The crisis in the global economy increased the importance of creating an effective management system of machine-building complex at different levels of the economy. Objectives The aim of the research is to develop the theoretical framework and methodological tools for implementing the mechanism of industrial parks building. To achieve this goal, we set the following objectives: to justify the development of industrial parks on the basis of large industrial enterprises as a tool for territorial development of inter-firm production networks; to determine the main functions of the industrial parks; to identify the factors and suggest the principles for the industrial parks' operation. In the conditions of Russia's accession to the WTO, the preservation and development of the Russian machine-building complex is a critical strategic objective faced by the national economy. The measures to support the industrial sector taken by the Russian Government have recently yielded positive results. First, owing to customs duties limiting the import of industrial products, major domestic industrial enterprises gained short-term competitive advantages. Secondly, public investment in such entities during the crisis helped them to avoid bankruptcy, and in some cases, to implement production modernization. Methods We used econometric methods to analyze various aspects of the mechanism of building industrial parks in regions, to identify the most effective systems of management of the machine-building complex at the regional level. Results We developed theoretical framework and methodological tools for implementing the organizational-economic mechanism of industrial parks formation. They represent a combination of economic and organizational tools and relationships focused on the integration of large machine builders and industrial enterprises of small and medium-sized business into a single production-technological network. Conclusions and Relevance We conclude that the transition from the departmental system of management of the Russian industry to the corporate one has caused the disintegration of industrial enterprises, which have a common value chain. Building inter-firm production networks on the basis of industrial parks will ensure the competitiveness of industrial enterprises in the coming years.
Keywords: industrial park, residents, business economics, development, machine-building complex
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