Industrial policy and its impact on the development of the territory: the experience of Russian regions

Abstract

The article attempts to study the effectiveness of industrial policy in certain regions of the Russian Federation. The study is based on an analysis of the level of industrial development and its relationship with the socio-economic situation in certain regions of the Russian Federation. As the study of scientific literature shows, the modernization of industry can lay significant foundations for the sustainable development of the territory. However, the extent of this influence varies significantly depending on the country, industry, and other factors. In this regard, it is interesting to study the experience of industrial development in separate different Russian regions, its comparison and identification of the most successful practice of industrial development, and its inclusion in the general socio-economic development of the territory. The research is based on such methods as the mathematical method for calculating standardized indicators, the method of ranking and comparative analysis of data, and the classification method. The results of studying the level of industrial development and its impact on the socio-economic state of the regions of the Russian Federation made it possible to conclude the relatively low efficiency of the regional industrial policy. The analysis showed that the industry in the regions of the Russian Federation is developing extremely slowly, unevenly, and chaotically. It was concluded that there is a need for significant development of industrial production in the future