Theoretical and practical aspects of regional development in the context of new industrialization

Regional development in the context of new industrialization and digitalization is significantly transforming the growth of the Russian economy as a whole. The paper presents key concepts such as “region”, “regional development”, and “sustainable development”, as well as theoretical models explaining the dynamics of regional progress. The article examines theoretical and practical aspects of regional development, emphasizing key factors that contribute to sustainable socio-ecological and economic advancement. The study analyzes modern approaches to regional development within the framework of new industrialization, including the concepts of sustainability, innovation, and social capital. Special attention has been paid to metrics and indicators that make it possible to assess the state and dynamics of the region’s development, providing practical examples of successful strategies both in the Russian Federation (hereinafter referred to as Russia) and abroad. Using specific Russian regions as case studies, the paper identifies key success factors for territorial development. Particular focus has been placed on the Orenburg region, specifically its economic indicators and the strategic development directions for the period up to 2030. Furthermore, the role of innovation in maintaining the competitiveness of Russian regions has been revealed. The current research reflects the relationship between theoretical and practical aspects of regional development, serving as a foundation for effective policy-making at the regional level.

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