Public Authorities and Business on the Possibilities of Region’s Development

Abstract

The purpose of this chapter is to determine positions of representatives of public authorities and large and small business as to perspectives of region’s development in the long term.

Discussion: Development of administrative and territorial entities of various countries depends on positions of various institutional groups as to the possibilities provided by external and internal environment. With a certain degree of convention, it is possible to suppose that expectations are realized in actions of various groups. The performed analysis is based on the idea that the most significant groups of the Russian society at the regional level are public authorities and large business. They accumulate the two most important resources—administrative power and capital. Small business is represented in this chapter as a background. Voronezh Oblast is a specific object of the research, represented in the country. However, most of position that reflect the possibilities of socio-economic development of the region are not specific and could be viewed as common for most of Russian regions.

Results: This chapter analyzes positions of representatives of public authorities and business as to possibilities of region’s development. The received results allow stating that all groups of experts think that the strongest and most probable possibility is increase of financing of defense and military complex enterprises. Significant possibilities are the following: expansion of scales of financing of region’s economy development, performed by private investors; growth of demand for products of enterprises of agro-industrial complex of the region in the world market; realization of the federal programs of development of import substitution perspective directions; federal authorities’ making decisions on creation of territories with subsidized conditions of economic activities. As for expansion of business’s participation in solving social problems, the positions are different. The least significant and least probable possibilities are the following: growth of demand for educational services of regional universities; using the existing recreational resource and converting the income of shadow economy into open financial resources.