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At the present stage of market relations development for the scientific substantiation of economic reforms, the regional economy is of particular importance.The region today is becoming the main object of economic and political relations, and in this situation, it is very important to determine the specifics and priorities of the formation and development of the regional economy.The purpose of this article is to study the influence of interconnection, interaction of all elements of the regional economy and competent management of them for the purpose of effective development.

Economy development of the Russian Federation regions at the present stage