Vilenskiy A.V. EVOLUTION OF THE THEORY AND PRACTICE OF DOMESTIC REGIONAL ECONOMIC POLICY: GLOBAL EXPERIENCE

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 3/2026. Issues of Economic theory.

.xml JATS XML

Aleхander V. Vilenskiy

Dr. Sci. (Econ.), Professor, Chief Researcher, Head of the Regional Economy and Local Government Sector, Institute of Economics of the RAS, Moscow, Russia

ORCID: 0000-0002-3019-7460

EVOLUTION OF THE THEORY AND PRACTICE OF DOMESTIC REGIONAL ECONOMIC POLICY: GLOBAL EXPERIENCE

7-24

322.76 KB

Full text

The paper demonstrates that the evolution of domestic regional economic policy in foreign countries with market economies (primarily in France, the United Kingdom, and the United States) and its theoretical foundations has been gradual, step-by-step – from simple to complex. Initially, it was believed that market relations and competition between business entities would ensure the proper development of the country’s regions. The situation changed dramatically during the global Great Depression of the late 1920s, thanks to the transition to regional state economic policy in market economies based on Keynesianism. Today, leading foreign countries have established a modern model of domestic regional policy. This model is primarily driven by pragmatism based on neoliberal and neo-institutional approaches.

Keywords: regional development policy, market mechanisms, Keynesianism, poles of growth, neoliberalism.

JEL: R10, R58

EDN: BNTLVS

DOI: https://doi.org/10.52180/2073-6487_2026_3_116_132

References

Regional Policy: Foreign Experience and Russian Realities / edited by A.V. Kuznetsov and O.V. Kuznetsova. Moscow: IMEMO RAS, 2015. (In Russ.).
Novikova N.V., Kaigorodov V.G. Sustainable Development of the Regional Economy and the Problems of Interregional Inequality: Foreign Experience // Economics: Yesterday, Today, Tomorrow. 2025. Vol. 15. No. 11-1. Pp. 64–79. (In Russ.). DOI: 10.34670/AR.2026.86.61.007.
Golovlev I.M., Klepinina D.R., Gasanov V.G., Liu T. Foreign Experience in the Formation of Regional Development Institutions in the Aspect of Regional Economic Policy (Based on the Example of the USA, EU Countries, and Newly Industrialized Countries (NIC)), In the Book: Directions and Mechanisms for Improving the Efficiency of Management of Organizations, Industries, and Regions: Monograph / edited by V.V. Bondarenko, T.V. Kharitonova, E.M. Shcherbakov, and O.A. Pavlova. Penza. 2017. Pp. 47–58. (In Russ.).]
Винокурова М.В. Некоторые нерешенные проблемы аграрной истории Англии XVI–XVIII веков // Средние века. 2015. № 1–2. С. 9–40. [Vinokurova M.V. Some unresolved problems of the agricultural history of England in the XVI–XVIII centuries // Middle Ages. 2015. No. 1–2. Pp. 9–40. (In Russ.).
Man T. Mercantilism. A discussion about the trade of England with the East Indies / Moscow: Direct-Media, 2007. (In Russ.).
Sludkovskaya M.A. The Political Economy of Antoine de Moncretien // Moscow University Bulletin. Series 6: Economics. 2016. No. 2. Pp. 107–118. (In Russ.).
Smith A. An Inquiry into the Nature and Causes of the Wealth of Nations, Moscow: EKSMO, 2023. (In Russ.).
Ricardo D. On the Principles of Political Economy and Taxation. Selected Works. Moscow: EKSMO, 2007 (In Russ.).
Keynes D.M. The General Theory of Employment, Interest and Money. Moscow: EKSMO, 2009. (In Russ.).
Malkov V.L. “Socialism” in American. Towards the History of the Creation of the Tennessee River Valley Administration // Russia XXI. 2012. No. 5. Pp. 40–71. (In Russ.).
Korableva V. “The Dusty Cauldron”: the environmental disaster of the 1930s that turned the life of the United States upside down (In Russ.). https://www.techinsider.ru/history/1637041-pylnyi-kotel-ekologicheskaya-katastrofa-1930-h-godov-kotoraya-perevernula-jizn-ssha/
What does the Rural Utilities Service (RUS) do? https://usafacts.org/explainers/whatdoes-the-us-government-do/subagency/rural-utilities-service/
Leuchtenburg W.E., Franklin D. Roosevelt and the New Deal, 1932–1940. New York: Harper and Row, 1963. (The New American Nation Series).
Perroux F. L’économie du XXème siècle // Paris: Presses Universitaires de France, 1961.
Perrou F. Economic space: theory and applications // The Journal of Spatial Economics. 2007. No. 2. Pp. 77–93. (In Russ.).
Schumpeter J.A. The Theory of Economic Development. Capitalism, socialism and Democracy, Moscow: EKSMO, 2008. (In Russ.).
Boudeville J. Problems of regional economic planning // Edinburg: Edinburgh U.P., 1966.
Pottier P. Axes de communication et développement économique // Revue économique. 1963. Vol. 14. Pp. 58–132.
Lasuén J.R. Urbanization and Development: The Temporal Interaction between Geographical and Sectoral Clusters // Urban Studies. 1973. Vol. 10. Pp. 163–188.
Rossi U. Growth poles and growth centers // International Encyclopedia of Human Geography. 2009. Vol. 4. Pp. 651–656.
Hayek F.A. Individualism and Economic Order. Chelyabinsk: Socium, 2011. (In Russ.).
Hayek F.A. The Road to Slavery. Moscow: New Publishing House, 2005. (In Russ.).
Mises L.F. Bureaucracy. Planned chaos. The Anti-Capitalist Mentality. Pravo. 1993. (In Russ.).
Friedman M. Fundamentals of Monetarism. Moscow: TEIS, 2002. (In Russ.).
[Kose R. Firm, market, law. Мoscow: Liberal Mission Foundation, 2007. (In Russ.).
Porter M.E. The Competitive Advantage of Nations: With a New Introduction. N.Y.: The Free Press, 1990. Palgrave Tenth Edition, 1998.
Porter M.E. Clusters and the new economics of competitions // Harvard Business Revie, Harvard Business School Publication Corp. 1998. Vol. 76. No. 6. Pp. 77–90.
Brandenburger A., Nailbuff B. Co-opetition. Competitive Cooperation in Business. Moscow: Case Publishing, 2012. (In Russ.).
Schmitter F. Neocorporativism // Polis. 1997. No. 2. Pp. 14–22. (In Russ.).

Manuscript submission date: 03.04.2026

Manuscript acceptance date: 28.05.2026

For citation:

Vilenskiy A.V. Evolution of the theory and practice of domestic regional economic policy: global experience // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2026. № 3. Pp. 116-132. (In Russ.). https://doi.org/10.52180/2073-6487_2026_3_116_132 EDN: BNTLVS

Creative Commons 4.0