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Formation of competitive potential of the machine-building complex of the region

Author

Listed:
  • Oleg Botkin
  • Igor Grebenkin

    (Udmurt division of Institute of Economics, Ural Branch of the Russian Academy of Science)

Abstract

The article describes the features of competitive potential of regional machine-building complex in a globalized world economy. The purpose of the research is the development of theoretically reasonable economic basis of the machine-building complex considering the features of business in the conditions of the WTO. In the work, the hypothesis of a special role of the external economic factors locates in development of the enterprises of regional industrial complexes. The study of the theoretical provisions defining the development of the region revealed the factors determining influence of the international trade agreements on spatial localization of the industry. The main attention is paid to an analytical assessment of the current state and the trends, which have developed in the period of post-crisis economic recovery. Analysis of the main indicators of attractiveness has revealed the weak position of local industrial enterprises in the WTO. The directions of strengthening of the competitive capacity of the local industrial enterprises are defined. The obtained results allow us to increase the sustainability of the industry by means of effective management mechanism improvements and to create favorable operating conditions of a machine-building complex of the region.

Suggested Citation

  • Oleg Botkin & Igor Grebenkin, 2014. "Formation of competitive potential of the machine-building complex of the region," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 125-132.
    • Handle: RePEc:ura:ecregj:v:1:y:2014:i:1:p:125-132
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    References listed on IDEAS

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    2. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
    3. Baldwin, Richard E. & Venables, Anthony J., 1995. "Regional economic integration," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 31, pages 1597-1644, Elsevier.
    4. V. Sokolov., 2011. "The Problem of Strategic Effect in International Competition," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5.
    5. repec:hhs:iuiwop:430 is not listed on IDEAS
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    Cited by:

    1. Igor Grebenkin, 2018. "The Influence of Diversification on Innovative Activity in Regional Manufacturing Industry," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 600-611.

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