IEJME— MATHEMATICS EDUCATION

2016, VOL. 11, NO. 8, 3114-3126

OPEN ACCESS

Globalization and Regionalization: Institution Aspect

Yury V. Matveeva, Elizaveta N. Valievaa, Olga V. Trubetskayaa

and Alexander G. Kislovb
aSamara State University of Economics, RUSSIA; Russian State Vocational Pedagogical
University, RUSSIA.

ABSTRACT
The urgency of the analyzed problem is due to the fact that regionalization and globalization
have a dual nature and depend on the institutional system, which, in turn, affects the
establishment of new rules in the economic space in which interact businesses. The purpose
of the article is to justify the fact that the institutional aspect of globalization and
regionalization is, above all, in the establishment of new rules and norms of the economy
that affect all businesses, and one of the key roles is performed by innovation and
investment institutions. The main methods in the study of this problem is the dialectical
method, which allows identifying trends in the development institutions at the regional
level. Results: the article proves that the development of modern market institutions is
associated with the stimulation of innovation activity in the regions and the creation of
innovation systems in them, the effectiveness of which depends on the degree of
interconnectedness and interdependence of the national innovation system, which
corresponds to the globalization processes. The data of the article may be useful in
determining institutions of the Samara region that promote economic development and
competitiveness of the region, as well as practical development of managerial decisions
related to improving the efficiency of the use of economic and administrative resources.

KEYWORDS ARTICLE HISTORY

Globalization; institutional environment; innovative Received 14 April 2016
development institutes; regionalization; social and Revised 29 June 2016
economic development centers Accepted 12 July 2016

Introduction
The most important trends in contemporary world development are on the one
hand, the process of globalization and on the other – the increasing activity of
regional integration. Globalization and regionalization – are some of the most
controversial concepts, which are reflected in the works of P. Krugman (1995),

CORRESPONDENCE Olga V. Trubetskaya [email protected]

© 2016 Matveev et al. Open Access terms of the Creative Commons Attribution 4.0 International License
(http://creativecommons.org/licenses/by/4.0/) apply. The license permits unrestricted use, distribution, and
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provide a link to the Creative Commons license, and indicate if they made any changes.
 IEJME - MATHEMATICS EDUCATION3115

Y. Shishkov (2001), S. Glazyev, E. Naumov& A. Ponukalin (2011), I. Osadchaya

(2002), I. Vasquez (2002), S. Marginean (2015) as well as A. Mohaghegh (2016).
Globalization affects economic, political processes at the global level, but
regionalization involves, first of all consideration of various events and the needs
of specific areas of the country.
Globalization and regionalization are contradictory unity as their goal in
some cases may be the same, and in some can be quite divergent. Both of these
processes form new institutions in the global economic space which determine
the actions of macroeconomic subjects, thus there is transplantation of
institutions in most developed countries, which in turn causes a strong socio-
economic dependence of recipient countries, hinders their development and
enhances the technical -economic underdevelopment, reduces welfare, and
increases economic and political risks. These problems could be solved by the
development of modern market institutions at the regional level, especially in
innovative and investment area. The features of these institutions is the current
structure of regional norms and relations, as well as innovation and industrial
clusters.
Materials and Methods
The authors used the following basic scientific approaches to reveal the contents
of the topic while carrying out scientific research:
- Dialeсtiс-materialistic approach (to consider a dual nature of globalization
and regionalization processes as well as the institutional and economic content
of regional development and management);
- institutional approach (to develop management process with the help of
regional development as a design process of institutional alternatives which
provide regional innovative and investment system formation and development
as a component of national innovative system);
- Interdisciplinary approach (to identify institutional alternatives using the
interaction of various scientific cognition spheres).
Also, the following methods were used in the course of the research process:
theoretical (analysis and synthesis, deduction, generalization, analogy method);
empirical (the study of experience in the region, regulatory documents); methods
of mathematical statistics and graphic results.
Results
The world practice shows that modern institution development is connected with
the innovative activity stimulation in the regions that, in particular is confirmed
in the main strategic country document, the Concept 2020 which represents
innovative and social orientation of regional development within innovative and
social direction of long-term social and economic Russian Federation
development in general. Such formulation of one political doctrine aspects of
regional development claims that innovative and social vectors form one
interconnected unit, as well as that opportunities to achievement purposes of the
country development are included in opportunities of the regions. So, according
to the famous Russian economist S. Glazyev, E. Naumov & A. Ponukalin (2011),
the task is to organize their realization effectively, both in each certain region,
and in integration processes.
3116 Y. V. MATVEEV ET AL.

The strategy of the regional policy that is presented in the Concept 2020 is
based on the fact that an innovative and socially oriented development way
assumes multipolar country territory development and new zones formation for
advancing development. Within such scenario the success depends on the
achievement of a synergetic effect derived from the complexity of the formation
conditions of interfaced clusters in the production of a new technological way, on
the coherence conditions of macroeconomic policy with the priorities of long-term
technical and economic development aiming at positive social dynamics
(Khasaev, Matveev & Matveev, 2014).
In accordance with regional development strategy, configuration of spatial
development is to be not attached closely to developed power-raw zones and
financial centers; there have to be new innovation growth centers that rely on
human and technological potential concentration. New economic growth centers
are supposed to be developed and it has to lead to regional inequality decrease
and the reduction of economic resources superconcentration in capital
agglomerations (however, in medium-term prospect there is the tendency to
advancing development of capital agglomerations and the main financial and
innovative resources are concentrated in them). At the same time, the formation
of new advanced industry centers and modern service economy will give an
impulse to technological modernization development of historically formed
processing branches of mechanical engineering, metallurgy, chemistry and
petrochemistry, aviation and light industry centers which are concentrated in
large cities in the central part of Russia.
There is an obvious relation between the innovative development and such
regulatory mechanisms that authorities use, as crediting and subsidies,
innovative activity support, leasing activity support, creation of coordination
councils, grants and awards, taxation, creation of registers and lists to support
enterprises.
Today regional centers have been already created where social and
economic modernization is carried out according to the state social development
strategy. In particular, the Samara region is one of the strongest industrial
regions of the country with diversified economy, high processing productions
concentration and powerful scientific and innovative potential which is also an
industrial center of Russia. The region has a unique combination of large and
technologically progressive industrial enterprises and modern scientific and
educational centers, and in the region there are all prerequisites for advanced
technology development in many production spheres.
The Samara region has considerable innovative potential. There are various
innovatively focused organizations: higher education institutions with their own
research and developmental base, scientific and sectoral research institutes, the
industrial enterprises with scientific-technical and engineering-technical
centers, small enterprises and the organizations operating in the innovative
sphere, scientific public organizations, infrastructure organizations that provide
development and support of the innovative activity.
In the Samara region the system of innovative infrastructure elements is
created and it operates by the principle of “an innovative lift”. In this system the
support of organization innovative activity and certain businessmen is carried
out at all stages of innovative life cycle: from an idea origin to the
implementation of a specific innovative project in a form of technology
 IEJME - MATHEMATICS EDUCATION3117

introduction, production organization of an innovative output on the operating

production, new production development. At the stage of a new innovative
business establishment, organizational and financial support is essential which
is given to small and medium-sized enterprises, individual entrepreneurs within
the regional target program “Small and Medium-sized Business Development in
the Samara Region”. At the expense of regional and federal budget means
subsidies (grants) were provided to first-time entrepreneurs to start their own
business; subsidies to operating medium-sized and small enterprises to create,
develop or modernize goods production, works, services, subsidies to
entrepreneurs to compensate expenses under leasing contracts, to compensate
expenses to small innovative enterprises, expenses to organize day pastime
groups for preschool age children. Totally, in 2014 these forms of support were
provided to 270 small and medium-sized businesses of the total amount of 236, 3
thousand rubles.
In 2015 the international rating agency Standard &Poor's raised credit
rating forecast of the Samara region from “Stable" to "Positive”. It was promoted
by the investment growth 12%, at the same time foreign investments inflow
increased by 1,5 times and made up 3.5 billion $ in 2014 According to this
investment volume the Samara region rose from 10th to 6th place, and following
the results of 2014 the region became the first among the Volga sub-federal
units.
According to the methods of “Doing Business” of the World bank that
assesses 30 Russian cities by the quality of the “investment climate” and by
comfortable conditions to do business, in 2013 Samara took the 21st place in the
category of ease of doing business, was on the 22nd place in the category of
enterprise registration simplicity, on the 28th place in the category of power
supply availability, on 24th place in the category of obtaining construction
licenses.
Formal entrepreneurship structure includes small, middle-sized as well as
corporate structures.
Now in the sector of small and medium-sized business nearly a third of the
population of the Samara region is occupied. The production volume of small and
medium-sized enterprises in the last two years increased by 30%, the volume of
tax assignments by 32% (Volzhskaya Communna, 2015). Among regions of the
Volga Federal District according to the turnover of small enterprises per capita
the Samara region takes the 2nd place, by a number of small enterprises on 100
thousand residents and by a number of employed population - the 3rd place.
Priority activities of small business allow revealing their distribution on
economy branches.
From table data, the main directions of their activity are trade, real estate
transactions, rent and rendering services, construction, a monobranch structure
of small business remains.

Table 1. Distribution of Small Business by a Kind of Activity (the end of 2015)

Total Number In % to a total
number
46911 100
Including
Agriculture, huntingand forestry 1021 2,1
3118 Y. V. MATVEEV ET AL.

Fishing and fish-farming 34 0,1

Mining 117 0,2
Processing industries 4640 9,8
Production and и distribution of electrical 251
energy, gas and water 0,5
Construction 5010 10,7
Wholesale and retail; maintenance of 18671
transportation, bikes, appliances and
personal appliances 39,8
Hotels and restaurants 1278 2,7
Transport and communication 3525 7,5
Financial activity 759 1,6
Real estate transactions, rent and rendering 9491
services 20,2
Government administration and military 14
security; social security 0,3
Education 90 0,2
Health service and social services 809 1,7
Housing, social and personal services 1201 2,6
Source: It is made by the author on the basis of the Samara Statistical Year-Book. Samara.
2015, 163

It is caused by such specific institutional changes, as:

- participation of firms of all property types in shadow economy;
- gaps in institutional and legal base of enterprise structures;
- a government policy of protectionism concerning large corporations;
- declaratory measures of support to small business;
- weak influence of institutes of corporate management – security market,
bankruptcy and insurance;
- continuous process of property redistribution in large corporations.
In 2014 in the region the innovative industrial output made up 222,1 billion
rubles, its share as a part of shipped industrial output makes 22,2%, in the last
years this indicator value in the Samara region exceeded an average Russian
level by 4-5 times and was one of the highest in the Volga region federal district.
The Samara region is among 11 regions – “strong innovators” in the rating
of innovative Russian regions, and it takes the sixth place by the indicators that
characterize social and economic conditions of the innovative activity.
In 2014 the government of the Samara region realized more than 10 large
investment projects that were directed on production modernization of total cost
about 30 billion rubles and also in the long term it is also planned to realize
about 150 investment projects, the total investments volume will make up about
1 trillion rubles.
In 2012 the project on the creation of a large chemical park started to be
implemented in Tolyatti, the estimated investment volume made about 1, 4
billion rubles. Also the realization of a special economic zone of an industrial-
production type was implemented in the Stavropol area of the Samara region.
Now there are 17 residents in it, among which Russian-American company JV
Systems, Russian-Indian company AZ Powertrain, Japanese firms Sano Volga,
Hai Lex Rus, etc.
 IEJME - MATHEMATICS EDUCATION3119

Due to the particular administrative regime in a special economic zone

companies are protected from negative changes in the Russian legislation, under
certain conditions there will be a zero rate of customs duties and VAT when
goods or raw materials are imported and exported, free connection to all
communications lines is guaranteed and preferential buy-out of leased land sites
is supposed where the companies will construct their own production facilities.
In 2013 two memorandums were signed: of Bosh plant construction with
750 workplaces (German company investments made 3, 4 billion rubles) and of
Delphi plant construction with 1,7 thousand workplaces (investment volume
made 1,12 billion rubles).
In 2013 a tech park “The Zhigulevskaya valley” was constructed in the field
of high technologies that is directed on the creation of a favorable environment
for innovative development and modernization of the Samara region economy,
science integration, education, banking sector and entrepreneurship.
Two lines of business incubators were launched in Tolyatti, 41 companies
became the residents (Figure 1) in the following activities: IT technologies,
education, production and etc. (Lunin, Trubetskaya & Trubetskaya, 2014).

11,00 11,00
10,00 10 10
9,00 9,00
8,00
6,00 6,00
5,00 5,00 5,00
5
4,00 4,00
2,00
1,00 1,00 1,00 1,00 1,00

2011 2012 2013 2014 2015

IT production energy efficiency
science education agriculture
tourism polygraphy services
publishing activities

Figure 1. Distribution of residents in the business incubator by activity

Source:The figure is compiled by author with the help of information
Retrieved from the Web site “Zhiguli Valley. Technopark” http://z-valley.cik63.ru/

Despite considerable innovative capacity of the Samara region, there is a

number of problems that constrain intensive development of an innovative
activity:
- gaps in an innovative cycle and in transition from fundamental research
applying scientific-research and engineering-development works to commercial
technologies;
- a small number of projects;
3120 Y. V. MATVEEV ET AL.

- insufficient investment attractiveness of an innovative sphere in

comparison with other economy branches;
- growth for technological backwardness of primary economy branches in
the region;
- shortage of qualified personnel who are capable to carry out introduction
processes of innovation developments in an economy sector;
- bureaucratized procedures of new project implementation. According to
expert assessments if the governmental projects are assessed within 2 weeks, in
the Samara region the process of decision-making and corresponding
documentation registration takes 4 months;
- dichotomy of small and medium-sized business resulting in weak
corporation interest in small businesses as business partners, assumes their
further isolation, lack of prospects on expansion and growth, and it is impossible
for small businesses to act as innovative project developers and experiment in
new goods development.
- insufficient development of the regional system of innovative production
promotion.
To solve these problems in the Samara region development institutions
have been established: the system of infrastructure organizations supporting
and advancing innovative elaborations.
The main financial institution niche in an innovative infrastructure is
occupied by non-profit organization “Innovative investment fund of the Samara
region”. The fund was set up by the Government of the Samara region in 2006
and is a communication platform for innovation developers, experts and
potential investors. Besides, in terms of regional target development program of
innovative activity in the Samara region within the period 2008-2015 the
following institutions have been created:
- non-profit partnership “Regional Center of Innovations and Technologies
Transfer” that is designed to provide the transfer of a scientific-technical product
into production, to assist scientific organizations in the promotion of their
projects and technologies on the market;
- regional venture investment fund into small businesses in scientific-
technical field of the Samara region that was established on the principles of
public and private partnership within the federal small business support
program. The fund consolidates recourses of federal and regional budgets and
private investors of a total amount 280 million rubles to invest into small
innovative enterprises;
- Samara innovative business-incubator is an infrastructure unit of the
Regional tech park, it has been established to develop innovative
entrepreneurship at the expense of regional and federal budgets. Five business
incubators were opened: two ones in Samara and one in Tolyatti, Kinel-
Cherkassy, Neftegorsk;
- the center of innovative development and cluster initiatives is created,
which purpose is to develop communications with the enterprises that are
ultimate innovative development consumers, to render a full range of services in
such fields as development, industrial design, administrative technologies,
planning and production design, training and professional personnel
 IEJME - MATHEMATICS EDUCATION3121

development, quality management and lean manufacturing, digital modeling of

engineering processes; the program of quality and competitiveness improvement
of automobile components suppliers.
One of the important tasks is to develop constructive interaction with
federal institutions of innovative development. It enables to attract essential
financial resources on the area of the region. In terms of such cooperation
technological developments of the Samara region gets a chance to enter
interregional and international market and to expand connections with partners
of other Russian Federation units.
Budgetary subsidies are provided as a part of innovative projects support in
the following fields:
- financial support to innovative projects development and implementation;
grants and loans on research and development, providing support in preparation
and mastering new products types and technologies transfer, innovative projects
formation and promotion;
- organization and implementation of competitive selections of innovative
projects that claim to receive financial support including the organization which
carries out innovative project examinations, monitoring of innovative projects
implementation which got support from the organization;
- joint financing of innovative projects, joint programs realization with
federal development institutions to attract interbudgetary funds, including
federal funds, to form and implement innovative projects in the Samara region.
The efficiency of this interaction depends, first of all, on coherence and
interdependence of regional and national innovative systems which development
is to be based on interregional labor division and cooperation with a supporting
element on world technological innovations and sectoral scientific research base
of leading regional centers and large centers, in particular, the Volga region.
It is necessary:
- to establish interregional partnership and to create new forms of regional
cooperation, similar associations of business units interaction of the Russian
Federation “The Association of Innovative Regions in Russia” that promotes
information exchange among economic entities and cooperation strengthening
with development institutions;
- to strengthen interaction between Russian higher education institutions,
scientific institutions and industrial enterprises for further commercialization of
scientific activity results. Thus it is necessary to emphasize special associations
and unions establishment that would promote investors involvement;
- to form coordinating agencies to develop plans for regional creation of
industrial clusters, communication establishment between economic agents
(Khasaev, Matveev & Matveev, 2014);
- to stimulate credit activity of Russian banks and financing from the side of
insurance companies. Risks can be reduced as the result of state guarantees,
recourses insurance upon possible company bankruptcy.
It is becoming obvious that direct copying and transfer of positive developed
economy country experience into Russian conditions is not possible. It is
necessary to form a development way of regional innovative systems.
Discussions
3122 Y. V. MATVEEV ET AL.

The definition of globalization is a complex issue, since there is no single

definition of the phenomenon in the works of both Russian and foreign scientists
(Marginean, 2015).
On the one hand, the most important current world development tendency
is a globalization process, and on the other hand, there is an increasing activity
of the regional integration. Globalization and regionalization are debatable
concepts. Globalization is meant to be something general, full and universal.
Most authors interpret and apply globalization concept exactly in this meaning.
Phenomena, factors, tendencies and processes are referred to “global” ones that
have become valid for the world community in general and affect interests of all
peoples, countries and cultures.
A number of researchers consider that globalization is the continuation of
internationalization processes. So, according to Y. Shishkov (2001),
“globalization represents a new, more advanced development stage of well-
known internationalization process (transnationalization) of various aspects in
public life: economic, political, cultural, confessional, etc.” N.V. Zagladin (2002)
has a similar view: "By globalization we should understand a new stage of world
development which is characterized by sharp internationalization rates
acceleration in all public life spheres (economic, social, political, spiritual)".
According to I. Osadchaya (2002) “globalization is the next stage of
internationalization in fact that is based on information technologies
development”. In this term, internationalization is usually understood as the
process which assumes “action combination of several subjects of the world
economy and the policy of the general tasks, purposes, activities”.
Internationalization as a phenomenon was to be appeared very early in terms of
history while forming social and territorial structures (cities, constitutional
states etc.). Its main function is to provide stable international relations in the
real world” (Kosolapov, 2001). Now the term “globalization” is used to
characterize planetary scale processes in the field of economics, politics, culture,
ecology and other spheres of the world community that have common nature,
and according to the content it affects all world community interests (Baburina,
2008).
A. Mohaghegh (2016) understands globalization as a wide range of political,
economic, cultural and social life, the development of new information
technologies and their impact on society. According to I. Vasquez (2002),
globalization contributes to economic growth, poverty reduction and changes in
global inequality, especially for developing countries. J. Stiglitz (2002) believes
that if globalization is carried out taking into account the cultural and economic
characteristics of each country, it will lead to multiple improvement of quality of
life.
In a big economic dictionary regionalization is characterized “as
development of economic, political and other relations between the region and
the states which are included in one region; formation of regional state
associations”, and regionalism is considered as “an approach to consideration
and solution of economic, social, political and other issues in terms of this or that
region interests and needs” (Azriliyan, 1999).
 IEJME - MATHEMATICS EDUCATION3123

The regionalization concept was generally used in the field of geography

and systematization within several years to reveal various regional level
features (Fujita, Krugman & Venables, 1999). However, after the second “cold
war”, the “regionalization” concept was beyond this framework. The term was
caught up by political scientists, specialists in the international relations and
economists who were trying to understand world development tendencies after
the “cold war”. Thus, regionalism by its nature is inseparably linked with
political goals, cultural values and historical aspects. Now the concept
“regionalization” is the concept that helps study the nature of regional
cooperation, and regionalization is understood as the answer to globalization
forces (the growing awareness of regional interests in the face of global
influences), and as an intermediate stop on the way to full globalization
(regional blocks formation as the first step in common political and economic
system formation). Therefore, regionalization is considered only as an
evolutionary link in the development of a general global economic system.
The inconsistent nature of globalization and regionalization processes
causes ambiguous assessments of the researchers. Some of them suppose that
globalization and regionalization are in interrelation and strengthen each other.
Others say that these processes are in an inconsistent unity when there is an
alternation of unidirectional and multidirectional phenomena. In some cases the
globalization purpose doesn’t coincide with the regional integration purposes, in
other cases some coincidence is possible, and in the third cases there is an
essential divergence. “Regionalization, is generated by globalization, and at the
same time regional blocks formation interferes with globalization processes.
Integration processes in blocks enable to unite country intellectual resources of
the region and to create more favorable conditions for their economic
development and competitive advantages in the world market. Besides, blocks
formation is in turn a protective reaction to economic situation destabilization
and world financial crises” (World economy and international relations, 2002).
On the one hand, globalization in many respects erases borders between
internal and external economic activity spheres, turning external factors into
internal, and, on the other hand, the opposite tendency works: in the world
economy new economic regionalization processes are formed. If earlier
regionalization was a tool to overcome regional isolation and their function was
to establish communication between nearby regions, now regional groups start
performing coordination functions more and more and the participants combine
their efforts to defend interests of the latter (World economy and international
relations, 2005).
Taking into consideration all variety of globalization and regionalization
characteristics it is necessary to emphasize their institutional aspect, namely,
the rules of the game in global economic space are getting essentially new and it
concerns all economic entities.
The current rules of the game which are based on the hegemony of certain
countries, on the export of formal and informal institutions, strong social and
economic dependence of some countries on others, become a brake and do not
promote global economic problem solution (strengthening of technical and
3124 Y. V. MATVEEV ET AL.

technological countries polarization, poverty growth, unregulated global

economic risks, etc.).
The 21 century was characterized by World transformation from “unipolar”
into “multipolar” with growing economic contradictions between new centers and
inside them. Also the new rules of the game are starting to be formed which are
adequate to institutional competition conditions and it represents the system of
rivalry between the countries for the system of rules, national development
models, for the leading positions in their establishment and expansion of the
coverage area. Thus some countries achieve big results and establish their own
“rules of the game”, they can dictate the terms to other countries, and other
countries, in turn, show the best results at the institutions which were
developed by them for the national economy. Therefore in the contradictory
conditions of globalization and regionalization processes it is very difficult to
develop general rules of the game that all countries or the majority of them
would be guided by. Social and economic orders that have national supplement
have changed in the world dramatically.
In the conditions of globalization national states face the situation that the
following structures interfere into their economic space intensively such as
multinational corporations that own metatechnologies, international
organizations which are represented by the IMF (International Monetary Fund),
WB (World Bank), the WTO (World Trade Organization), interstate associations
and interstate structures (The European committee, European Bank) that in
many respects predetermine specific government actions in various spheres and
economy sectors. Up to the first half of the XX century the multinational
corporation and interstate institutions had influence in separate areas of the
national economy, and the state was the only regulator.
In the 21 century the state, as a strong macroeconomic institution, is to
consider objective tendencies and to perform the role of a macroregulator
together with other world global level institutes, but at the same time gradually
it loses the status of a monopoly regulator. There is a strengthening and
expansion process of an international component in the activity of the state as a
national economy institute. It is revealed in a set of processes - global
institutions regulate, coordinate these or those interstate interaction forms and,
the main thing, they influence national economy development. In these
conditions the role of economic development institutions increases in the regions
(Tatarkin, 2012).
Conclusion
Globalization and regionalization processes have dual nature. The main lines of
these processes will be defined: coherence, interdependence or contradiction and
that depends on what tendencies in the relations between participants of these
processes prevail – rivalry or cooperation. The globalization of modern economic
space generates differentiation in institutional and social-economic development
of economic entities at different levels that predetermines heterogeneity of
economic space and sequence violation of many economic processes.
 IEJME - MATHEMATICS EDUCATION3125

The institutional aspect of globalization and regionalization processes is

expressed in the formation of new rules of the game in economic space that
concern all economic entities. The rules of the game that are based on the
certain hegemony, countries export of formal and informal institutions and
strong social and economic relation between these countries is a brake and do
not promote the solution to global economic issues (strengthening technical and
technological country polarization, poverty growth, unregulated global economic
risks). New rules of the game have to be based on quite different states
interaction, states and business partnership, including transnational
interaction, close interaction of international economic organizations.
In the modern world there was a new type of megacompetition, an
institutional competition that represents rivalry system between the countries
for the system of rules, national development models, for the leading positions
and expansion of the coverage areas. In the conditions of megacompetition some
countries achieve considerable results and establish “rules of the game”, thus
can dictate the terms to other countries, and other countries show the best
results at the institutions that they developed for their national economy. The
state is a macroeconomic institution and has to consider current tendencies and
to implement the role of a macroregulator, together with other institutions at
the world global level, so it gradually loses the status of a monopoly regulator.
The development of modern market institutions is connected with the
stimulation of the innovative activity in the regions and innovative systems
creation which efficiency depends on the coherence and interdependence with
the national innovative system that corresponds to globalization processes.
Institutionalization features in the conditions of globalization and
regionalization on the regional level are:
- considerable influence of macrolevel institutions that is expressed in the
powerful block of basic institutions presented by development Strategy,
Concepts, FTP accepted on the level of the Russian Federation, branch
institutions on the macrolevel which is called “an innovative lift”, “innovative”
development institutions: “Rusnanotech”, Assistance Fund to small business
development in scientific-technical field, Bank for Development and Foreign
Economic Affairs, Russian Venture Company, and also the considerable
influence of financial institutions which is expressed in financial support
increase of innovative focused entrepreneurship;
- within regional standard subsystem which is defined as a developed
structure of rules and communications that is specific from the point of view of
authorities regulation of federation subjects and it depends on an object of
innovations.
- within regional organizational and technical subsystem that is defined as
new institutions and institutional structures generation in a form of innovative
and production clusters, the new economic growth centers, territorial and
educational clusters, etc. Further project financing institution development on
macro - and mesolevels of economic management.
Recommendations
3126 Y. V. MATVEEV ET AL.

The data of this article are of value for the federal and regional authorities,
and can be used in region management, and in the process of improving regional
development institutions.
Disclosure statement
No potential conflict of interest was reported by the authors.
Notes on contributors
Yury V. Matveev is Professor of Samara State University of Economics, Samara,
Russia.
Elizaveta N. Valieva is Professor of Samara State University of Economics, Samara,
Russia.
Olga V. Trubetskaya is Associate Professor of Samara State University of
Economics, Samara, Russia.
Alexander G. Kislov is professor of Russian state vocational pedagogical University,
Ekaterinburg, Russia.
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