Regional Science and Its Role in Managing the Development of Economic Space

Abstract

The article substantiates the role of regional economic science in managing the country’s spatial development based on theoretical provisions and concepts. The results of researches by Russian and foreign scientists on the issues of formation and positioning of the regional economy in the system of modern scientific knowledge are presented. Furthermore, the regulatory framework and features of managing the economic space of Russia are defined. Up-to-date information on the state and prospects for the development of subnational territories is systematized. Based on the analysis of key macroindicators, the current situation of federal districts and leading regions is assessed, their contribution to the development of Russia’s economic space is established. The need for a more complete use of the economic potential to solve priority problems of administrative-territorial entities and deepen interregional cooperation is identified. Conclusions on the need to achieve greater coordination of actions of economic actors on key aspects of economic formation are made. The need to intensify economic activity in the country’s economic space for the development of multilateral international cooperation is proven. Recommendations for a more complete and effective inclusion of the economic potential of macroregions in solving problems of achieving national development goals are formulated.