Scholarly record

CLUSTERING WITHIN THE BLACK SEA REGION FOR ECONOMIC SECURITY OF THE BORDER REGIONS IN SOUTHERN RUSSIA

A. G. Druzhinin, V. V. Gorochnaya, A. S. Mikhaylov, A. A. Mikhaylova

Abstract

The article is devoted to the problem of economic security and stability in the Black Sea region. Using the theoretical concept of economic security authors identify the main risks for both national and cross-border economic systems in the conditions of modern geo-economic and geopolitical turbulence. Cross-border economic clusters and trans-national systems with the long-term partnership strategies are viewed to be the cores of economic stability and the resource to maintain regional development. The study provides the analysis of common economic trends within the space of Black Sea region. Special attention is given to cross-border clustering and its features in each of the countries. Focusing on the genesis and the modern state of clusters, the research points out the trends of economic self-organization in the sphere of private business enterprise that lead to the formation of cross-border systems with the regular attractor. Also the initiatives of local, regional, national and meta-regional (e.g. EU) cluster policies are analyzed. The research studies possibilities for the South of Russia to maintain the cross-border clustering vector as well as the directions of policy to overcome disintegration that leads to the underestimation of the potential for cooperation.

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