Industrial Complex of the Orenburg Region: Challenges and Growth Prospects

DOI

10.2991/assehr.k.200113.043How to use a DOI?

Keywords

region, industrial complex, efficiency, competitive advantages, problems, growth directions, management quality, regional elite, investments, innovation cluster

Abstract

In this article, we performed the analysis of the development of the industrial complex in Orenburg region; revealed trends (reduction in the share of industry in gross regional product; transition to more simplified types of industrial production; decrease in the share of manufacturing products in total industrial production) and imbalances (between mining and manufacturing; desynchronization of the growth rate of agriculture and industry; the gap between the possibilities of regional management and the needs of region’s economy). We also mentioned a decrease in efficiency indicators (increased share of unprofitable enterprises, decreased profitability and production of innovative products) and competitive advantages (large natural resource potential, significant economic potential created during the Soviet period, skilled labor force), and also considered the growth problems of industrial complex (low level of management of region’s socio-economic development, insufficient investment by the federal center and fuel and energy companies, lack of responsibility of regional elite for the future of the region). Recommendations were made on the development of region’s industry in the future focusing on improving the efficiency of regional management based on the interaction of business elite, population and government, on professionalism and creation of partnership and trust institutions including improving the use of natural resources, labor and economic potential and geographical location of the region, as well as increased investments from the federal budget and implementation of a norm for the allocation of income in fuel and energy companies for the modernization of industry; deployment of high-tech production in the region and organization of equipment production for energy companies; increasing the role of vertically integrated companies in the creation of innovation cluster in the Orenburg Region; development of inter-regional integration and inter-country relations.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Mariya Lapaeva
AU  - Sergej Lapaev
PY  - 2020
DA  - 2020/01/16
TI  - Industrial Complex of the Orenburg Region: Challenges and Growth Prospects
BT  - Proceedings of the Ecological-Socio-Economic Systems: Models of Competition and Cooperation (ESES 2019)
PB  - Atlantis Press
SP  - 213
EP  - 216
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200113.043
DO  - 10.2991/assehr.k.200113.043
ID  - Lapaeva2020
ER  -