The economic systems of regions in modern Russia are an institutional system characterized by the combination of market and administrative and shadow economy, which poses difficulties in analyzing and forecasting economic development, in particular, the investment process. This is especially evident in depressed regions, which include practically all the republics of the North Caucasus. The institutional framework expands under the impact of decisions made by individual market participants that leads to a high level of information asymmetry. In this regard, the conceptual substantiation of the ecological and economic vectors of sustainable development of local, including mountain socio-ecological and economic systems, acquires additional relevance. Various empirical methods of regulating economic activity, especially in terms of innovation processes, require an objective assessment methodology. It should be noted that mountain ecosystems are centers of special national, regional and international strategic interests and conflicts: economic, social, environmental and even geopolitical. Extreme natural and climatic features of mountain regions objectively hinder the possibilities of economic management and give rise to unique, social, ethnic, cultural and economic traditions, which are more affected by external shocks. Successful development of such regional systems is complicated by significant economic risks for agriculture. These problems are most obvious in the North Caucasus region. In conditions of globalization, integration of economic relations and increasing competition, the competitive advantages of the national economy in the Russian Federation can be developed only through implementation of an innovative scenario of sustainable development and global application of the advanced scientific and technological potential.
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29 November 2021
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Cultural development, technological development, socio-political transformations, globalization
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Ivanov, Z. Z., & Bitsueva, M. G. (2021). Development Of A New Architecture Of Local Socio-Economic Systems Of Mountain Regions. In D. K. Bataev, S. A. Gapurov, A. D. Osmaev, V. K. Akaev, L. M. Idigova, M. R. Ovhadov, A. R. Salgiriev, & M. M. Betilmerzaeva (Eds.), Social and Cultural Transformations in The Context of Modern Globalism, vol 117. European Proceedings of Social and Behavioural Sciences (pp. 2132-2138). European Publisher. https://doi.org/10.15405/epsbs.2021.11.281