The Problem of Supporting High Flexibility of State Management of a Multicultural Region’s Economy and Its Solutions

Abstract

Purpose: The purpose of the chapter it to develop the algorithms of flexible state management of changes in the economy of a multicultural region and to approbate them by the example of top-3 multicultural regions of modern Russia.

Design/methodology/approach: The authors distinguish two specific directions of state management of economy that require high flexibility in a multicultural region: management of migration flows and management of foreign economic activities. High flexibility of state management within these directions should be ensured through systemic monitoring of the tendencies of development of these directions and implementation of the differentiated measures depending on the determined tendencies and current opportunities and needs of a multicultural region: the corresponding measures of stimulation of the existing tendencies or measures of their restraint.

Findings: It is shown that the modern multicultural regions need flexible state management of their economy in two directions: migration flows and foreign economic activities. The problem of supporting high flexibility of state management of economy of multicultural regions consists in underdevelopment of the scientific and methodological provision of this management depending on the context and the current needs and capabilities of the region.

Originality/value: A perspective method of solving the determined problem is usage of the developed and presented algorithms of flexible state management of migration flows and foreign economic activities in a multicultural region. The compiled algorithms reflect the conditions at which stimulation or restraint of certain economic activities in a multicultural region should be conducted and offer the framework measures of state management.

Key words           flexibility of state management, regional economy, multicultural region, modern Russia.

JEL Code           R01, F22, F63, J15, J61, O15, R11, R23, R58, Z13, Z18.