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



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