Formation of a Single Mechanism for Territorial Development as a New Approach to Specific Business Conditions

The presented study examines the use of various tools of government policy aimed at socio-economic development of specific territories. Aim. Based on the analysis of a vast range of socio-economic development tools, the study aims to develop a single mechanism for territorial development that will be implemented on common rules across all constituent entities of the Russian Federation. Tasks. The author determines the necessary conditions and benefits of economic activities in special economic zones (SEZ) that would be more lucrative for investors and entrepreneurs than all existing tools of regional development. Methods. This study uses general scientific methods of cognition to examine the government policy on territorial development in various aspects, to identify the benefits and drawbacks of the existing tools typical for the current situation, and to determine the major directions for improving management in this economic sector. Results. It is concluded that the existing practices focusing on the level of regional development are ineffective, and the author suggests that the tools should be aimed at solving specific development problems. A fundamentally new approach is proposed, based on substituting the wide variety of forms and types of territories, each with specific business conditions, for a single territorial development mechanism - special economic zones (SEZ). The scope of government support measures is proposed to be determined for each investor as a percentage of investments in the projects, taxes and customs payments, and the period of support. That said, the investor should be able to choose the format of support (benefits, subsidies, guarantees) within the available limit. Conclusions. The proposed single mechanism has the potential to facilitate business activities in SEZs and to attract new investors, which will solve the problem of accelerating socio-economic development on the national and regional scale - a goal that the President of the Russian Federation has set for the government authorities and administrative bodies.

government policy, government support measures, preferences, benefits, territorial development tools, special economic zones, investment attractiveness, management efficiency, государственная политика, меры государственной поддержки, преференции, льготы, инструменты территориального развития, специальные экономические зоны, инвестиционная привлекательность, эффективность управления

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