Modern socio-economic concepts in the focus of regional development in Russia

The change in the geopolitical context of Russia’s development and the clarification of its priorities made a new appeal to modern socio-economic concepts as a relevant one. The article comprehends concepts that are focused on improving the living standards of the population through the prism of the tasks facing the country and its regions. Among those tasks, according to strategic documents and scientific researches, the need for a new industrialization through the technological re-equipment of industry and a balanced spatial development of the Russian Federation comes to the fore. The theory of innovative economy, which is focused on achieving economic efficiency by improving technologies based on new knowledge and introducing them into production, meets that challenge. The extraordinary circumstances in which the country’s economy operates require special measures of investment support by the state for updating the production base of manufacturing enterprises. In improving the theory of human capital, the idea of replenishing it with characteristics for strengthening social ties and social solidarity is considered as an effective one. A significant factor in the growth of production in the regions is turning out to be an improvement of life quality there, the creation of a decent living standard in non-capital industrial cities of Russia and the attraction of highly qualified specialists there. All those aspects require balancing the economic growth and human potential that updates the application of the theory of sustainable development taking into account the tasks of the national and economic security of the country.Â