Subject This article discusses the issues of development of areas as an important aspect of regional development. Objectives The article aims to disclose the content of the socio-economic development of the region as a category in economic science, explore the conceptual models of economic development of areas, and find solutions to increase the level of socio-economic development of Russia as a whole and its regions. Methods For the study, I used a factor analysis and the coefficient and index numbers methods. Results The article presents calculated and analyzed statistical variability index numbers, including the range of variability characterizing the differences between the maximum and minimum values of the level of socio-economic development of the regions. Conclusions The article concludes that in the practice of management, the transition from integrated development of areas to the sustainable one is based on the benefits of the economic specialization of the region.
Keywords: area, region, economic development
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