Priorities For The Development Of The Regional Economy Concerning Medium-Term Socio-Economic Tasks


The study is focused on assessing the state and development priorities of the regional economy, taking into account medium-term socio-economic objectives. The authors note that in terms of volume, nomenclature and importance of products, the republic occupied one of the leading places in the North Caucasus, had a stable trend of growth in all production capacities, and its products were exported to dozens of foreign countries of the world. In the context of globalization, Russia's integration into the world economy, the creation of an innovative economy is a vector of modern development of our country. An innovative economy is based on accumulated human capital, which is a determinant component of the new socio-economic development of society. The creation of a favorable climate for the sustainable development of the economy of the Chechen Republic with a gradual increase in its competitive advantages should take place taking into account the sectoral characteristics, specifics and potential of the region. The authors in the article conclude that the successful implementation of promising directions for the development of the economy of the Chechen Republic based on the generalization of regional resources, financial support from the state, market-oriented approaches to the development of the production sphere of territorial economic systems will allow solving the complex of socio-economic problems of the republic, building a trajectory for reaching it to a higher level of development in the mode of ensuring balanced socio-economic and innovative development.

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29 November 2021

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European Publisher



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1st Edition




Cultural development, technological development, socio-political transformations, globalization

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Nikaeva, R. M., Dzhumaeva, Y. M., & Mazhiev, K. H. (2021). Priorities For The Development Of The Regional Economy Concerning Medium-Term Socio-Economic Tasks. 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. 2394-2400). European Publisher.