Substantiating possible areas for the border economy's development

Subject. This article discusses the importance of border regions for sustainable development, as unique territories located at the intersection of cultures, economic systems and political interests. Objectives. The article aims to analyze approaches to the development of border regions, identify optimal strategies that contribute to economic growth, strengthen social stability and improve relations with neighboring states. Methods. For the study, I used systems, statistical, and comparative analyses. Results. The article identifies the main factors that determine the development of the border economy, and also assesses the effectiveness of various strategies for the development of border regions. Conclusions. In Russia, it is necessary to stimulate the participation of public and private structures in the development of the border economy, taking into account the economic and socio-cultural specifics of each border region. Stimulating trade and investment, developing infrastructure, strengthening international cooperation and supporting small and medium-sized businesses will help improve the economic situation in the border areas.

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Publication Details

Journal
Regional Economics Theory and Practice
Published
2024-09-15
DOI
https://doi.org/10.24891/re.22.9.1615
Primary Topic
Cross-Border Cooperation and Integration
Type
article
Field-Weighted Citation Impact
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article

Substantiating possible areas for the border economy's development

Ivan A. GOLUBTSOV
Regional Economics Theory and Practice
Cross-Border Cooperation and Integration
article

Substantiating possible areas for the border economy's development

Ivan A. GOLUBTSOV
article en

Abstract

Subject. This article discusses the importance of border regions for sustainable development, as unique territories located at the intersection of cultures, economic systems and political interests. Objectives. The article aims to analyze approaches to the development of border regions, identify optimal strategies that contribute to economic growth, strengthen social stability and improve relations with neighboring states. Methods. For the study, I used systems, statistical, and comparative analyses. Results. The article identifies the main factors that determine the development of the border economy, and also assesses the effectiveness of various strategies for the development of border regions. Conclusions. In Russia, it is necessary to stimulate the participation of public and private structures in the development of the border economy, taking into account the economic and socio-cultural specifics of each border region. Stimulating trade and investment, developing infrastructure, strengthening international cooperation and supporting small and medium-sized businesses will help improve the economic situation in the border areas.

Regional Economics Theory and PracticeVol. 22(9)
Lomonosov Moscow State University (RU), Moscow State University (TJ)
Openalex Percentile: Top 74%
Cross-Border Cooperation and Integration
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Substantiating possible areas for the border economy's development — Ivan A. GOLUBTSOV · Regional Economics Theory and Practice (2024) | TGRS Research Map | TGRS