Abstract: The dominance of clusters instead of isolated companies is important for the economy of regions with high concentrations of interrelated business branches. In planning and implementation of cluster development strategies, the key success factor is an active outlook of lead business and constructive partnership between different regional entrepreneur groups, considering their interests and goals. One of the main conditions of forming a regional cluster is the presence of specialized business branches. Specialization means a form of social division of labour which reflects concentration of different forms of production in independent sectors, manufacturing centers and specialized enterprises.

DOI: 10.7256/2306-4595.2014.4.11732

Abstract: The article discusses the methodological approaches to the analysis of regional development. The subject of the research is the examination of social and economic processes that determine the development of the region. As in recent years there has been an increasing unevenness in the development of the Russian regions, the research focuses on the search for the unity of the Russian regional and state economic policies aimed at smoothing the spatial inequalities. The analysis is an important element in the management and definition of the regional economic policy. The policy should be based on the current state of the economy and targeted at the achievement of economic advantages taking into account the exceptional diversity of natural, geopolitical, social and economic, national, cultural and other conditions ensuring the effective development of the region. The author discloses the concept of methodological basis of analysis of the region's economy, its goals and objectives; methodological approaches to systems analysis; the basis for political analysis of the regional economy as the economic policy influences business reaction and promotion of entrepreneurial initiatives. The author recognizes that the regional economy is a complex object of study in terms of analysis and forecasting of its development. Thus, the applied methods of analysis should be considered as far from being exhaustive. A large set of factors that impact on the regional development should be taken into consideration. However, the main methodological approaches to the analysis of the regional economy presented in the research work allow to use them to evaluate social and economic processes taking place in the region, the impact of political decisions on entrepreneurial activity, investment climate, etc. The author concludes that the use of different methods of analysis along with their improvement contribute to the development of positive economic policy that should stimulate the growth of regional economy.  

DOI: 10.7256/2306-4595.2014.3.11805

Abstract: In the conditions of liberalizing capital flow its active migration among the territorial systems is the crucial element and form of modern economic relations. In order for a region to develop in the conditions of globalization the issue of presence or possibility to attract capitals into the territory becomes a significant growth aspect.  Strengthening of the social and economic differentiation of the regional development level shows the variety of economic capabilities for capital concentration. The process of redistribution of capital among the economic systems defines the level of economic growth of the territories.  Within the framework of the economic theory there is a wide range of methods allowing to evaluate the process of capital flow from various standpoints.  Within this article the authors analyze various theories of economic and spatial development, allowing to evaluate the ongoing processes of capital flow and to define the most significant prerequisites for its changing.  The ambiguous character of spatial development is defined by a vast variety of defining factors.  The process of capital flow, which is defined by a number of characteristics has a significant impact upon the level and quality of economic development.  Defining the main parameters for capital flow shall allow to analyze the process of changes in economic and social markers of spatial development.