Indicative model of North-Caucasian macro-region development

In modern industrial policy, as an effective form of functioning and development of the regions, indicative approaches, ensuring effective territorial deployment, optimizing production and increasing the profitability of the region and increasing employment are considered. The objects of the study are subjects of the North Caucasus Federal District (NCFD); the subject of investigation is the dynamics of socio-economic processes in the NCFD regions, the presence of prerequisites and potential for cluster system development. Methods used: comparative and comprehensive analysis of statistical data, systematization of research results. Within the framework of the research, the level and dynamics of the main macroeconomic indicators of the North Caucasus Federal District subjects in comparison with the average Russian achievements are considered as well as the resource potential, the problems of the economic development of the macro-region, the prerequisites for the clusters formation, substantiates the priority areas of long-term socioeconomic development of the subjects in order to overcome the chronic economic backlog and social sphere are examined.

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