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National Interests: Priorities and Security
 

Directions of eliminating threats to the socio-economic development of regions

Vol. 16, Iss. 7, JULY 2020

Received: 14 May 2020

Received in revised form: 31 May 2020

Accepted: 16 June 2020

Available online: 16 July 2020

Subject Heading: THREATS AND SECURITY

JEL Classification: I18, O10, R10

Pages: 1384–1400

https://doi.org/10.24891/ni.16.7.1384

Krivenko N.V. Institute of Economics, Ural Branch of Russian Academy of Sciences (IE UrB RAS), Yekaterinburg, Russian Federation
nvkrivenko@yandex.ru

https://orcid.org/0000-0002-3292-6460

Subject. I devise a system approach to identifying and evaluating threats in ensuring the economic security of regions.
Objectives. The study focuses on threats to the socio-economic development of regions in difficult geopolitical situations and determines how they can be eliminated. IT is important to determine key threats to the socio-economic development and the way they can be eliminated regionally.
Methods. The article employs the multilevel and integrated approaches, a set of methods, such as systems, comparative and structural analyses, road mapping.
Results. The article sets forth a road map for eliminating threats to the socio-economic development of regions, metrics to monitor the current situation and identify threats. I analyzed the socio-economic development of regions in the Ural Federal District and pinpointed the main threats. I conducted the comparative analysis of indicators to monitor the socio-economic development of regions, illustrative the cases of the Russian Federation, Ural Federal District, Sverdlovsk Oblast for 2018 year-on-year. The Ural Federal District and Sverdlovsk Oblast were found to exceed Russia’s average indicators in terms of directions of eliminating threats. It is indicative of opportunities to effectively employ the high production capacity of the old industrial region.
Conclusions and Relevance. To settle directions of the socio-economic development of regions, economic agents should consider the elimination of threats, such as the new industrialization, comprehensive integration of innovation throughout economic sectors, import substitution, integration of production and social sector. The findings can be used by constituent entities of the Russian Federation to comprehensively assess the socio-economic development of regions, discover the main threats, and choose what should be done to eliminate them.

Keywords: socio-economic development, threat, road map

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