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The impact of strategic global financial trends on the justification of regional priorities

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  • M. K. Alimuradov

Abstract

Development and implementation of a regional financial strategy is a complex multi-step process, and requires justification of availability of all types of resources at all stages of strategizing. Resource security is one of the most significant factors that determine the potential for the implementation of most regional strategic documents. Finance occupy one of the key positions in the system of resource security of strategic priorities because funds and an effective system of their attraction and distribution are essential for attracting all other types of resources. In spite of high mobility of capital in the modern world, the dynamics of economic systems, repetitive emergency periods, and concentration of capital in certain countries, regions and industries significantly reduce the potential for attracting funds for effective implementation of the strategic priorities in some regions of Russia. In the conditions of significant diversification of financing sources of the regional economics, choosing the most preferred financial resources and building the optimal structure of the regional economic financial system are complicated system tasks. According to the methodology of strategizing by Academician Vladimir Kvint, to formulate main propositions of the strategy, discover new strategic opportunities and justify the priorities provided with competitive advantages and all types of resources, at the initial stage it is essential to identify and analyze the most sustainable long-term trends of development of basic economic factors which determine the potential and conditions of development of regional economic systems. The author of the article highlights the dynamics of such economic indicators as the investments in fixed assets, GDP growth rates, depreciation of fixed assets, sectoral structure of investments in fixed assets, inflation by country group, foreign direct investment, savings of the population, etc.. The analysis of the dynamics made it possible to identify the strategic trends of development of financial systems that build the potential for attracting finance to implement regional strategic priorities. The revealed global financial strategic trends help to formulate potential opportunities and threats of development of regional financial systems that are determined by global strategic trends as by objective environmental factors.

Suggested Citation

  • M. K. Alimuradov, 2025. "The impact of strategic global financial trends on the justification of regional priorities," Russian Journal of Industrial Economics, MISIS, vol. 18(1).
  • Handle: RePEc:ach:journl:y:2025:id:1422
    DOI: 10.17073/2072-1633-2025-1-1422
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