Managing industry structural changes in the regions of the North Caucasian federal district

Abstract

Purpose. On the basis of analysis of structural changes in the industry to work out recommendations for the development of efficient industrial policy in the regions of the North Caucasian Federal District. Methods. Based on the wide range of empirical data generated through the use of the official statistics materials and other information from open official sources, the structural changes in industrial production of the North Caucasian regions in recent decades have been analyzed. Results. The analysis revealed large-scale de-industrialization of economy of the North Caucasian regions in recent decades, largely due to demand contraction in sectors focusing previously on the needs of the defense complex. Priorities and mechanisms of structural changes in industrial complex of the North Caucasian regions are proposed and justified. Scientific novelty. The possibilities of structural changes in the industry of the North Caucasian regions through the use of the potential of the network forms of business organization are identified.