No abstract

The paper discusses the formation of national competitiveness, including its determinants. The role of an integrated business risk insurance system for a competitive national economy, as well as public-private partnerships for the harmonious development of venture financing, is substantiated. A hedging financial instrument is seen as a means of mitigating the risks of venture capitalists and project developers. An analysis of the degree of risk is proposed as a necessary step prior to the decision to hedge. The stage of fixing the market follows the adoption of such a decision. Correlation-regression analysis allows establishing how indicators of price dynamics for the spot instrument and the corresponding futures are interrelated. The probabilistic nature of the variant development of investment and innovation projects in the course of economic activity of market entities should be taken into account when assessing the risk caused by material, labor, financial and other losses. Financial guarantees are subject to compulsory insurance in case of risks associated with transactions with financial assets.

To search for and identify rational and effective solutions on deepening interregional cooperation, an unbiased assessment of the existing level, potential, and restrictions of the process of interregional integration is required. For assessing the state and prospects of development of interregional economic integration (along with other its types: production and technological, information and communication etc.), the analysis of the state and development trends of interregional commodity exchange as a carrier of integrational and economic functions is preferential. Methods and tools of investigating the processes of interregional economic integration, analysis and assessment of its existent level, used for these purposes in practice, do not always adequately reflect real conditions of functioning of economically integrated regions. Therefore, the need for developing well-known and working-out new approaches and methods for investigating the processes of interregional integration, assessment of tools and methods of managerial decision making, in order to enhance it and improve efficiency, prove the relevance of the chosen subject of investigation. To assess the degree of interregional interaction of the southern regions of Russia, a proprietary methodology is proposed.

Nowadays, due to changes in the global economy (structural, technological, geopolitical) for country's competitiveness at the international level, it is necessary to digitally transform the activities of the Russian enterprises in the context of its managerial and technological processes and models, as well as enhance interaction enterprises among themselves and with other participants of the innovation system at the meso and macro levels. That is all defined as guiding lines to the achievement of the scientific and technological development of the Russian Federation (The Strategy for Scientific and Technological Development of the Russian Federation on January 12, 2016, № 642). The scientific novelty of the proposed paper is to develop a theory and practical mechanisms for the transformation of managerial, technological and logistics processes at the level of individual enterprises and regional innovation systems using the latest information technology (big data analytics, cloud computing, digital twins, blockchain technology, etc.), which will ensure a drastic change in enterprise business processes and technologies for decisionmaking support. The interdisciplinary nature of the research causes introducing of new sources into scientific circulation, rethinking of scientific thought development, principles and mechanisms, as well as patterns of economic development at micro, meso, macro and global level.

The paper suggests an approach based on the application of index analysis when studying the process of interregional economic integration. Interregional economic integration can be regarded as a multilateral process, covering various industrial and business ties, social and economic relations, arising between mesa economic entities – regions of the country. Economic interests of the entities of transregional ties are the backbone foundation of this process. The practical use of the index method for the analysis of the interregional commodity turnover as one of the main economic indicators that define the development of interregional economic integration, made it possible to study geographic structure of import and export of goods, evaluate and obtain new results characterizing interregional interaction of Rostov Region with regions of the Southern Federal District in dynamics for three large types of products: food products, non-food products, technical and industrial goods. In the course of study of trade and business ties of the region with other participants of the interregional integration the sectoral and geographical structures of import and export of goods, interdependence of economic-wide indicators and the degrees of the region’s economic ties development, the problems of the efficiency of the existing sectoral structure of interregional commodity exchange were analyzed.