Study of the processes of internationalization of economic systems in regional development

This article examines the theoretical foundations of the study of the relationship between the internationalization of economic systems and regional development. Internationalization, as a process of integrating national economies into the global economy, has a significant impact on the dynamics of regional development, including economic growth, employment and innovation processes. The relevance of studying the sphere of foreign trade activities of regions is due to the fact that it is of great importance for ensuring the sustainable development of the regional economic system, especially in the conditions of border territories. Regions that actively participate in international trade usually have higher economic indicators due to significant foreign exchange earnings of companies operating in the world market, as well as attracting foreign investment. In the Russian Federation, due to the vastness of its territories and the existing differences in the level of their socio-economic and technological development, the integration interaction of regions with international trade markets can acquire various formats, which is due, first of all, to the different levels of use of the economic and industrial-technological, as well as resource potentials available in the regions, an important aspect of the development of which in the current realities is, among other things, the possibility of effective functioning of foreign trade complexes of the regions with maximum mobilization of all resources and funds. This includes the development of scientifically sound strategies for the development of foreign economic activity of the regions, which should take into account the specific features inherent in each spatial-territorial entity and its economic system and their integration into the system of international trade and economic relations. The work emphasizes the importance of an integrated approach to the study of these processes that contribute to ensuring sustainable development of regions in the context of globalization.

Authors

Publication Details

Journal
Vestnik of North-Ossetian State University
Published
2024-12-25
DOI
https://doi.org/10.29025/1994-7720-2024-4-314-319
Primary Topic
Economic and Technological Developments in Russia
Type
article
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article

Study of the processes of internationalization of economic systems in regional development

Tatiana Elzarikoevna Sitokhova, Aida A. Baskaeva
Vestnik of North-Ossetian State University
Economic and Technological Developments in Russia
article

Study of the processes of internationalization of economic systems in regional development

Tatiana Elzarikoevna Sitokhova, Aida A. Baskaeva
article en

Abstract

This article examines the theoretical foundations of the study of the relationship between the internationalization of economic systems and regional development. Internationalization, as a process of integrating national economies into the global economy, has a significant impact on the dynamics of regional development, including economic growth, employment and innovation processes. The relevance of studying the sphere of foreign trade activities of regions is due to the fact that it is of great importance for ensuring the sustainable development of the regional economic system, especially in the conditions of border territories. Regions that actively participate in international trade usually have higher economic indicators due to significant foreign exchange earnings of companies operating in the world market, as well as attracting foreign investment. In the Russian Federation, due to the vastness of its territories and the existing differences in the level of their socio-economic and technological development, the integration interaction of regions with international trade markets can acquire various formats, which is due, first of all, to the different levels of use of the economic and industrial-technological, as well as resource potentials available in the regions, an important aspect of the development of which in the current realities is, among other things, the possibility of effective functioning of foreign trade complexes of the regions with maximum mobilization of all resources and funds. This includes the development of scientifically sound strategies for the development of foreign economic activity of the regions, which should take into account the specific features inherent in each spatial-territorial entity and its economic system and their integration into the system of international trade and economic relations. The work emphasizes the importance of an integrated approach to the study of these processes that contribute to ensuring sustainable development of regions in the context of globalization.

Vestnik of North-Ossetian State University(4)
Openalex Percentile: Top 48%
Economic and Technological Developments in Russia
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