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Selection of mechanisms for management of the development of regional economy in the conditions of social and economic instability and financial constraints

Vol. 25, Iss. 12, DECEMBER 2019

Received: 12 January 2017

Received in revised form: 15 February 2017

Accepted: 2 March 2017

Available online: 25 December 2019

Subject Heading: Financial system

JEL Classification: O10, R11

Pages: 2728–2752

https://doi.org/10.24891/fc.25.12.2728

Radionova S.P. Saint-Petersburg State University of Economics (UNECON), St. Petersburg, Russian Federation
spradionova@mail.ru

ORCID id: not available

Subject The article deals with the organizational and economic relations, environment, institutional and social conditions, factors and mechanisms of regional economic management system in modern market conditions.
Objectives The article aims to find and select the appropriate mechanisms to manage the development of regional economy in the conditions of social and economic instability and financial restrictions.
Methods For the study, I used systems and logical analyses, and synthesis of various aspects of the regional economy management.
Results A scientific abstract analysis of the reforms helps identify and determine a structural framework and significant growth and development points of the economy, as well as determine the system points of human development, and identify the space of objectification that is necessary for development of a civil society.
Conclusions The mechanism of management of the regional economy's development should take into account the systemic changes in the economy and society, including the determination of the vector of development based on cognitive models and synergistic effects, and also affect the total efficiency of reforms through the acceleration of the reform process and activating the processes of social solidarity.

Keywords: reform, diversity, innovation, economic growth, development, human capital

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