Competitiveness of the Lipetsk region: methods and ways to improve

At the present stage of economic development, globalization processes are actively unfolding, affecting absolutely all socio-economic aspects of public life. The process of globalization is a platform for the development of the country and its individual regions. In the context of comprehensive information technology transformation, the competitiveness of the regions plays an important role, allowing them to occupy a leading and investment-advantageous position not only in the domestic market, but also in the global market. The effective use of the region’s potential is the starting point for the formation of territorial competitive advantages in economic activity. The essence of competitiveness is to unite economic entities of a particular region into a single system to perform common functions in their development, provided that favorable conditions and support measures are created for the successful functioning of enterprises. Competitive advantages should provide the region with resources for further stable and effective development and create competitive properties, which in general will ensure competitiveness.