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The purpose of the article is to develop new highly-effective organizational and managerial approaches to conduct of modernization of spatial and sectorial development of regional economy of Russia and Greece. During conduct of the research, the authors use such scientific methods as systemic structural and comparative analysis. The authors determine the level of differentiation of the level and structure of economic development of regions of Russia and Greece in 2012 through consideration of indicators of GRP per capita of regions and GDP, as well as gross added value for regions and sectors of production. During the research, the authors come to the conclusion that modern Russia and Greece are peculiar for presence of serious disproportions in the level of economic development of regions, which is a reason for unbalanced development of economic systems of these countries, slowdown of rates of national economic growth, and crisis. This situation is caused by orientation at the use of geographical approach. As alternative, the authors offer three new approaches to modernization of spatial and sectorial development of regional economy of Russia and Greece: cluster, client-oriented, and anti-crisis and substantiate expediency of transition to their application. These approaches allow overcoming the aforementioned drawbacks and ensure well-balanced development of regional economy in the long-term, as well as its high sustainability and quick overcoming of economic crises. For provision of high effectiveness of the process of selecting the optimal approach to modernization of spatial and sectorial development of regional economy by territorial authorities, it is offered to use the corresponding proprietary algorithm of modernization of spatial and sectorial development of regional economy.

New Approaches to Modernization of Spatial and Sectorial Development of Russian and Greek Regional Economy