Regional Economics: Theory and Practice

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Features of analysis of the internal and external environment when developing the region's strategy

Vol. 17, Iss. 8, AUGUST 2019

Received: 24 April 2019

Received in revised form: 22 May 2019

Accepted: 8 July 2019

Available online: 15 August 2019


JEL Classification: O30

Pages: 1431–1449

Zhdankin N.A. National University of Science and Technology (MISiS), Moscow, Russian Federation

Sharipov B.K. National University of Science and Technology (MISiS), Moscow, Russian Federation

Subject This article discusses the development of a strategy for the region and the specifics of analysis of the region's internal and external environment, considering the Central region of the Republic of Tajikistan as a case study.
Objectives The article aims to improve the methods of analysis of the internal and external environment in relation to the industrial region in order to develop an effective strategy for its advancement.
Methods For the study, we used the methods of SNW and PEST analyses, and the diamond model.
Results The article identifies the strengths and weaknesses of the region and shows the opportunities and threats that help determine the region's strategic climate.
Conclusions Using expanded analysis and taking into account the key factors identified will provide a principled framework for SWOT analysis and design of an effective development strategy of the industrial region.

Keywords: analysis, internal and external environment, strengths and weaknesses, opportunities and threats


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