Socio-economic diagnosis of a region as a subject of international trade

Socio-economic diagnostics is a new research direction in the study of regional marketphenomena and processes. Its origin is traditionally associated with the synthesis of methodological and applied economic researchmethods and procedures for systems in engineering, sociology, management, mathematical statistics and cybernetics. Socio-economicdiagnosis is defined as a set of methods and tools used to analyse factors in the development of international trade to assess their statusand identify those or other deviations from normal development and their impact on the functioning of the regional economy. In thesystematic analysis of the region as a subject of international trade the following elements are included: the economic diagnosis of forminga regional market of international trade; the economic diagnosis and assessment of the impact of socio-economic proportions in thedevelopment of regional economy; the economic diagnostics of infrastructure support of foreign economic activity in the region. All ofthe above items allow diagnosing the degree of capitalization of the resources of the regional economy in the international division oflabour, evaluating the possibility of repositioning of foreign economic activity in the region and improving on this basis the competitivenessof regional and national economies. Initial methodological principles of socio-economic status of the region as a subject ofinternational trade are based on the systems approach and structural-functional, comparative analysis of the effectiveness of foreigneconomic activity in the region, the dynamic approach to the subject, considering the specifics of the regional economy with the use ofdifferent indicators, which characterize both the development of a regional system as a whole and its foreign trade. Socio-economicdiagnosis of Rostov Region has shown that from the perspective of its external economic potential, the high level impact on the dynamicsof its infrastructure and production factors, the development of scientific and technical developments and innovative industriesshould be taken into account. The major component of foreign economic potential of the region is its resource-based opportunities. Foreigneconomic potential of the region is closely linked to the social dynamics of the region, the educational level and skills of the employees.Rostov Region has a fairly substantial external economic potential, which allows it to integrate into the international economicspace across a wide range of industrial and economic activities. However, in terms of efficiency of its use the region lags behind otherregions. This provides the necessity of overcoming commodity orientation of the economy and the repositioning of foreign economicactivity on an innovative path of development.

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