On regional economic development using a cluster approach

This paper analyzes the effective institutional models of the association of economic entities within the framework of the regional industrial complex, represented by the cluster. Based on the systematization and determination of the specifics of the functioning of integrated entities, the optimal organization of the production process along the entire technological chain is proposed. This makes it possible to solve the problem of lack of financial resources, reduce unit fixed costs while increasing production volumes, strengthen innovation activity and increase the competitiveness of products. An analysis of the current situation shows that the problems of Ingushetia’s economic development remain unresolved, requiring careful consideration and the introduction of an integrated approach to revitalize the region’s industrial complex. The introduction of integration strategies widely used in the global and domestic economy emphasizes the importance of developing detailed theoretical and applied models. This will make it possible to create a functional algorithm for the formation of integrated economic structures and establish their architecture, taking into account the peculiarities of Ingushetia in the current conditions. The article discusses the current problems of the development of small and medium-sized.