Reconfiguration of the Regional Economy As a Tool to Overcome the Unbalanced Development of the Economic Entity

Abstract

   Relevance. The relevance of this study is predetermined by the fact that during the period of economic turbulence, the positions of “weak” regions significantly worsen, while at the same time there is a decrease in the pace of their development. Accordingly, it is necessary to stabilize the development of regions of this type based on the use of various economic and managerial tools, including through the use of transformation mechanisms, reconfiguration of economic objects, which in the future, with the rational use of these technologies, may affect both the level of competitiveness of the region and its development potential.   The purpose of the study is to study the directions of reconfiguration of the regional economy as a tool to overcome the unbalanced development of an individual economic entity.   Objectives. Achieving this goal predetermined the solution of the following tasks: studying the theoretical possibilities of using reconfiguration mechanisms to overcome the negative "rut effect", identifying individual areas of reconfiguration ("soft" reconfiguration and "hard" reconfiguration), research and evaluation of "turning" (control) points of reconfiguration of the regional development in terms of sectoral and territorial development, as well as external and internal factors.   Methodology. The basis of the research is the historical-logical and monographic methods, as well as the methods of statistical data analysis, induction, deduction, synthesis, other general scientific methods, as well as semantic analysis.   Results. It seems necessary to include the results obtained in the course of the study: the construction of a structural-logical scheme that reflects the directions of the reconfiguration of the region in order to achieve balanced development; systematization of "turning" (control) points of reconfiguration of regional development from the standpoint of both sectoral and territorial development, and endogenous and exogenous impact; assessment of indicators of reconfiguration of an unbalanced region (on the example of the Republic of Buryatia).   Conclusions. In conclusion, conclusions are drawn that the reconfiguration of the regional economy is predetermined by both internal and external (including shock) factors. In modern conditions of turbulence and sanctions pressure, the reorientation of economic processes, as well as external factors, can initiate a hard type of reconfiguration, which is rather problematic to implement, in contrast to the “soft” type of reconfiguration, which is especially important for unbalanced regions. With a “soft” reconfiguration, a positive dynamics of particular performance indicators is more likely, characterizing the possibility of a “spurt” and exit of the region from the existing “development track” to the optimal trajectory in the preemptive period.