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Region's competitive capacity in the global economy: geoeconomic approach

Author

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  • Frolova, E. D.

    (Ural State Technical University UPI)

Abstract

The article offers an author's, based on the geoeconomic paradigm approach to the understanding of the competitive capacity of a region in the conditions of the new world economic system and the main mechanisms for its realization. Among the mechanisms the author mentions - the institutional mechanism (the formation of transregional companies), the structural mechanism (an industrial region is viewed as a local center of world economy), the management mechanism (the introduction of geomarketing), the technological mechanism (the stages of integration into internationalized reproduction processes). The use of the geoeconomic notions (including «economic boundaries» of an activity, «foreign economic links») will allow regions to develop an appropriate mechanism for the implementation of «Strategy - 2020» in the sphere of foreign economic activity, thus putting Russia among the leading world powers.

Suggested Citation

  • Frolova, E. D., 2009. "Region's competitive capacity in the global economy: geoeconomic approach," Journal of Modern Competition, Synergy University, issue 4, pages 75-84.
    • Handle: RePEc:snr:mdrcmp:y:2009:i:4:p:75-84
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    File URL: https://www.moderncompetition.ru/jour/article/view/275
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