ECONOMIC POLICY: REGIONAL AND MUNICIPAL ASPECTS

Abstract

The article deals with the economic policy in respect of the territorial entity of the Russian Federation
and municipal units (economics of administrative territory). Public and municipal governing bodies are the
object of discussion. The research topic is the activity of public and municipal bodies on the development and
realization of the economic policy of an administrative territory. The authors define the mechanism of setting
the state economic policy (its transformation) to the economic policy of regions and municipal units according
to their life conditions.
It is proposed to consider the public and municipal economic policy in regard to the administrative territory
as a combination of economic policies of the federal center, the territorial entity of the Russian Federation
and the local government. The competitive development of the administrative territory in whole becomes
the core objective of these policies within the framework of the optimal country development. This approach
will demand supplementary parameters of the life activity of the administrative territory and the method of
evaluation of its economic policy results.