Abstract
This report represents a critical analysis of the current process of stategy development as well as the application of traditional and modern instruments for regional development which are being used for different by their social and economic status Russian territories (municipalities, subject of Federation, rural and urban aglomerations, etc.).The report highlights the approaches to secure efficacy of such instruments, their horizontal and vertical integration (based on strategy matrix) to achieve better coordination within them and for the purposes of regional development in Russia. The burning issues of plurality and chaotic process of development of meaningless regional strategies which are not linked with resources availability of the Federation and region (state and private sector investments, etc.). The article suggests to lay special emphasis tobring about the process of strategy development as a continuity process which is to be enforced with reliable and prompt monitoring as well as with introduction of modern technologies for managing the development of territories based on the Complex Investment Plans (Programs), usage of innovative cluster-based approaches, setting up a national system of regional institutions (corporations) of development while promoting not only "consolidation of interests" but also a "consolidation of actions" of the regional stakeholders, i.e. authorities (state), business, science and society in general in the interest of social and economic development.
Keywords
strategic and territorial development, cluster development, complex investment plans (CIP, modernization of economy development institutes, investment projects, territorial competitiveness, strategymatrix, strategy and subject sofregional development, instrument sofregional development, roadmap, technology of management of sustainable development, programs), investment attractiveness
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