Light industry development in the perm region under the modern conditions: problems and prospects

The article considers the problem of light industry development in the Perm region under the condi-tions of Russia's membership in the WTO and economic sanctions being imposed. The authors' aim was to reveal the features of the light industry development at the regional level under current conditions and to elaborate the principles of the regional policy concerning light industry branches based on the results of as-sessing competitiveness of the regional light industry market. Methodologically, the research is based on the branch analysis of the region's light industry and also on the comparative analysis performed to assess com-petitiveness of light industry in subjects of the Volga Federal District. Detailed evaluation of the WTO factor and economic sanctions influence on the development of light industry in the Perm region is provided. Pos-sible risks and ways of their minimization are designated. Comparative analysis of the development of light industry in subjects of Volga Federal District under the influence of the factors designated is performed. Fol-lowing that the principles of the regional industrial policy were formulated, those allowing the region to re-tain market pricing in light industry branches, to provide investment appeal and create background for its increase, to optimize risks of anti-competitive practices, and also to minimize negative influence of econom-ic sanctions. The results obtained by the authors can be used by the region's executive authorities, both for adjusting the existing programs of socio-economic, industrial and branch development and when developing new ones. Furthermore, the conclusions drawn could serve as a basis for shaping the regional industrial strat-egy.