Including regional economy in global value chains on the base of government stimulation of innovation development

The article deals with the problems of including regional economy in global value chains on the base of government stimulation of innovation development. Global value chains play the significant role in the modern world economy but the Russian economy is included in the organization of production across national boundaries on disadvantageous terms, as a supplier of raw materials. There is a conclusion about necessity for improving the international specializa- tion of the Russian economy by being included in the global production network at the Research & Development stage like the developer of innovations. In order to reach this goal the article suggests a new approach for choosing appro- priate government regulation objects and innovation production support instruments. The authors propose a new typol- ogy of regional economy sectors as the government regulation objects. There are two criteria used to determine the type of a regional economy sector: the first one is the level of production localization (whether or not regional product is the part of a national, regional or global production network), the second criteria is the type of a target market for this product (region, macroregion, national economy, Eurasian Economic Union, CIS states and non-CIS states). According to the type of regional economy sector government could apply one of the varieties of innovation production support policies. The article determines the principals of interactions between government bodies, scientific-research organiza- tions and business during the implementation of the innovation production projects. These principles could be used for choosing instruments of innovation production government support.