Possibilities of Russia's economy industrialization in the context of modern regional policy

The aim of the work is to study the current state and prospects of socio-economic development of regions of the Russian Federation with regard to their industrial specialization and identify the possibilities for a new wave of industrialization using the data obtained. A rating of Russia's regions built on the basis of multi-factor ranking serves as the basis for the analysis. The study was performed on the basis of objective official statistics, with applying a grouping method for typologization of Russian regions. At the first stage of the study, a rating of Russian regions was built based on three indicators: GRP per capita; investment into fixed assets per capita; per capita income. At the second stage, grouping of Russian regions by industry sector, based on data of Russian federal State Statistics Service on the structure of GRP by type of economic activity, was applied to the resulting rating. The calculations performed allowed us to rank socio-economic development of Russia's regions in the context of their industrial specialization. The analysis of this rating showed that they are the regions with a large share of extractive industries in the structure of GRP that have the highest socio-economic development indicators, which casts doubt on the possibility of industrial development of the Russian economy. The results of the study can be used in the development of programs of socio-economic development of Russian regions, and also as an information base for studying processes of regional development and conditions of interregional space differentiation. The findings indicate the need for development of a concept or strategy of Russia's regional development focused on improving the efficiency of production structures, which has not been formulated yet.