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The paper deals with the problems of effective relationship management of large vertically integrated corporations (VIC) and regional economic systems in Russia, including the functions and institutional and economic forms of this process. The structural and functional features of participation of VICs in the development of regional economic systems has been revealed. The article deals with the basic forms of interaction of VICs with regional economic systems: a regional cluster, a regional project, a sub-regional economic system. The groups of promising regional clusters, economic profiles of potential sub-regional systems, which are formed during the interaction of vertically integrated corporations and regional systems of the South of Russia, have been justified. DOI: 10.5901/mjss.2015.v6n5s1p410

The Functions and Institutional and Economic Forms of Cooperation of Vertically Integrated Corporations and Regional Economic Systems of Russia