Identification and estimation of territorial competition

Sergey Vazhenin () and Irina Vazhenina ()

Economy of region, 2012, vol. 1, issue 1, 29 - 40

Abstract: This paper formulates basic features of competition between the territories basing on the analysis of economic reality as well as on the basis of the sociological research conducted by the authors. The following components of the horizons of territorial competition in today's economic environment are identified and justified:— Competition between territories in the global economy is progressing significantly, it is expanding and improving itself;— The problem of competitive immunity of a territory and not only provision of momentary competitive advantages is currently put to the fore;— Creation of a competitive immunity requires activity of territorial authorities in partnership with all stakeholders (citizens,businesses, investors etc.) and certainly with regard to their interests;— Indispensable goal of territorial competition should be defined as the insurance of a high level and quality of life in that territory, guaranteeing the most effective usage of competitive advantages of the territory in order to ensure a comfortable life, opportunities for education, recreation, business, investments etc.;— Currently territorial competition in the regions and cities of Russia has not yet become an incentive to increase their innovational activity, and, therefore, requires a study on feasibility and development recommendations necessary for the immediate start of the process;— Territorial competition more and more intensively affects the increasing mobility of the economy of the Russian Federation and its municipal formations, initiating entry of new companies and leaving of old companies on the market within their territories;— Territorial competition today includes the struggle between the regions and cities to increase their intangible assets, including the development of special projects for the formation of an attractive image and positive reputation of the territories.

Keywords: territorial competitiveness; competitiveness and competitive immunity of a territory; competitive advantages; nonmaterial territorial assets (search for similar items in EconPapers)
Date: 2012
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