Dialectics of traditions and novations as a basis of improving the economy of the region in modern condition

The article considers ways of improving the structure of the regional economy in modern conditions according to the ratio of traditions and novations in structural changes. The author analyzes the factors of formation of modern economic structure of the region and the reasons to modernize it in a globalizing economy. Regional economies still have raw orientation, which reduces their competitiveness in the new economic situation of the world. The article presents some ways of improving the economic system of the region on example ofthe Bashkortostan Republic, suggesting effective structural changes, the necessity of the development of manufacturing industries using innovative technologies, focused on the ultimate issue of competitive products with high added value.