Development Of A Conceptual Model Of Socio-Economic Development Of The Chechen Republic

Within the framework of this study, the greatest attention will be paid to the problems and prospects of the socio-economic development of the Chechen Republic.The specificity of this region is determined by a unique combination of favorable geographical factors (good climate, vast agricultural land, significant mineral reserves, hydropower resources, huge recreational potential) and an extremely low level of socioeconomic development.Indeed, in terms of GRP per capita, the Chechen Republic occupies one of the last places in Russia.At the present stage, the main task of the administrative system of the region is to develop a conceptual model of socio-economic development and ensure the welfare of the population.The study on the socio-economic development of the Chechen Republic will be of interest to researchers, policymakers, and practitioners involved in regional development, economic growth, and social welfare, who are interested in understanding the problems and prospects of the socio-economic development of the Chechen Republic.