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An analysis of the regional innovation development potential and prospects under the world economy globalization: Some evidence from the Rostov Oblast

Mishchenko K.N. Regional Information and Analysis Center, Rostov-on-Don, Russian Federation ( )

Eletskii A.N. Regional Information and Analysis Center, Rostov-on-Don, Russian Federation ( )

Journal: Regional Economics: Theory and Practice, #12, 2018

Subject This article considers the issues of development of a regional innovation system as a tool to ensure outstripping growth rates of regional economy.
Objectives The article makes an attempt to find ways to revitalize the innovation development on the basis of consideration of the regional innovation system's strengths and weaknesses, and adequate estimation of external challenges, as well.
Methods The study is based on the economic growth pole concept (p?le de croissance), the theory of innovation, and the New Trade Theory of International Trade.
Results The article assesses the innovation potential of the Rostov Oblast and highlights its competitive advantages and the main factors constraining the innovation activity. It offers a theoretical and methodological basis for ensuring a sustainable economic growth through the implementation of effective innovation policy. The article also defines sectoral and territorial growth zones of innovation activity and proposes a system of measures to improve institutional conditions of innovation activity.
Conclusions The article concludes that sustainable economic growth is based on the formation of effective innovation policies to increase regional resource and infrastructure capacities.

The evolution of geo-economic focus of the global economy: A path towards the structure of multifaceted geo-economic multipolarity

Eletskii A.N. Southern Federal University, Rostov-on-Don, Russian Federation ( )

Journal: National Interests: Priorities and Security, #4, 2016

Importance As the global economy develops, various configurations of geo-economic leadership subsequently originate and change. During each phase, key geo-economic centers of global economy play an important role for general development of global society and certain regions of the world. The interaction of those geo-economic leaders drive the unipolar, bipolar or multipolar structure of global economy.
Objectives The research examines the competition and geo-economic rivalry of principal centers of global economy at each development milestone, and identifies common patterns of central and peripheral cooperation and specifics of the current phase of geo-economic focus.
Methods Using historical and logic, economic and statistical, comparative methods of analysis, I examine various aspects of economic trends in the global economic leaders and patterns of their dominance, and how they retreat from their leading positions. Analyzing the evolution of the geo-economic focus of global economy and the current phase of its development, I determined the objectivity of multifaceted multipolarity origination and the need to develop international alliances and institutions ensuring the interaction of emerging global centers.
Results The research analyzes what caused national economies to acquire and lose their geo-economic leadership, and relevant consequences at various milestones of the global economic development. I also identified that geo-economic and geo-political factors were deeply and mutually related in the context of the centers' system and their competition.
Conclusions and Relevance Trends in global geo-economic leadership of certain countries stem from macroeconomic, scientific and technological, institutional and, ultimately, military and political factors. I prove that, at the current phase of global economic uncertainty, geo-economic multipolarity may emerge and have unique characteristics due to the specifics of globalization and regionalization.

Innovative restructuring of the economy: global experience and Russian reality

Pavlov P.V. South Federal University, Rostov-on-Don, Russian Federation ( )

Eletskii A.N. South Federal University, Rostov-on-Don, Russian Federation ( )

Journal: Economic Analysis: Theory and Practice, #46, 2014

Importance The profound transformation of global economic system against the background of international isolation processes acts as a powerful incentive to develop innovation in Russia with a focus on qualitative reconstruction of the entire national economy structure. Taking into account the experience of developed economies modernization, refocusing on innovation development is of particular importance in the context of sectoral reorientation of the economy, enhancing global competitiveness of the Russian economy and taking leadership position in the international economic relations system.
     Objectives The article deals with innovation restructuring of the Russian economy through investment in knowledge-based industries and active application of preferential economic mechanisms provided by the institution of special economic zones (SEZ).
     Methods Using the economic-statistical and expert methods, we have analyzed various aspects of innovation activity of leading global economies and identified the need for continuous enhancing the R&D role and encouraging international scientific and technological cooperation for better positioning of the country in the global trade.
     Results The study resulted in the analysis of causes and consequences of innovation development of the world's leading economies and elaboration of a number of proposals to develop the Russian SEZ in order to form a full-fledged international mechanism contributing to development of the innovation component of the State economy.
     Conclusions and Relevance We concluded that an increase of innovation and scientific and technological potential becomes a higher priority task of the State. Sustainable improvement of high-tech production and increasing exports are the most important guarantee of gaining leadership in the international trade. Effective organization of activities of special economic zones that are able not only to give impetus to the Russian economy development, but also to transform it into world leaders, is one of the directions towards this strategic goal implementation.

The evolution of the EU contradictions as a reflection of geoeconomic prospects

Eletskii A.N. Southern Federal University, Rostov-on-Don, Rostov Region, Russian Federation ( )

Journal: National Interests: Priorities and Security, #13, 2015

Importance During each stage of the EU evolution, the EU faced various endogenous contradictions arising from unequal and uneven development of the member states and different geoeconomic interests some integration parties pursue. As for numerous aspects, consistent unification of the European integration project correlates with mechanisms for overcoming the internal contradictions.
     Objectives The article focuses on the study of divergent economic and political trends as an indispensable aspect of long-term development of a major regional integration alliance in the context of identifying mechanisms for overcoming the contradictions.
     Methods Using the historical, logical, economic, statistic, and comparative analysis, the author investigates various aspects of social and economic growth in the European economies. As part of the analysis of the integration process evolution and the current state of the European Union, the researcher determines a need to mitigate economic differences and geopolitical contradictions in order to further promote the economic integration and formation of the EU as an independent geographical and economic center of the global economic system.
     Results The research results in both the analysis of reasons and forecast of implications and consequences economic and political contradictions may have for the European Union. The research also finds that geoeconomic and geopolitical factors have strong mutual relation in terms of establishing the EU as the single entity among the leading poles of global influence.
     Conclusions and Relevance The researcher concludes that trends of overcoming the contradictions within the European Union are a considerable factor for further strengthening the integration alliance and unification of the internal institutional structure. The article states that the current phase of the EU internal contradictions implies the combination of different and uneven development levels of the member States’ domestic economy and internal and external political issues arising from multiple factors. In this respect, further integration consolidation will be possible only when the entire spectrum of economic and political matters is resolved.

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