Analysis of the Impact of Integration Processes on the Formation of Regional Investment Programs
Analysis of the Impact of Integration Processes on the Formation of Regional Investment Programs

Summary/Abstract: The study represents a new approach to programming the regions’ economic development management. In contrast to the modern approach to problem- oriented system of forecasting, strategic planning and management, which is based on the target prediction of specific meanings of development indicators, the suggested approach will allow establishing the ratio between the development of the main sectors of economy and the benchmarks for development indicators with the corresponding resource reinforcement in the form of innovative projects, i.e. the transition to project- program system of managing the region’s development. The results of the study contribute to the optimization of the regional policy on enhancing the efficiency of using the regional investment programs as an integration factor of the region's economic development. The given approach determines the basic factors of the region's investment policy development, and can serve as a guide in the process of formation and realization of the regional economic development. It can be used to develop a strategy and a program for socioeconomic development of Russia's regions.

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