Regional Mechanisms of Modernization of Infrastructure of Regions and the Country in the System of Innovational Development

Abstract

The chapter studies the problems of formation of regional mechanisms of modernization and development of infrastructure of regions and the country, which are determined by complexity of attracting private capital in financing of infrastructure, which is limited by a long return period and the level of profitability of projects. The mechanism of public–private partnership is offered, which allows leveling high risks of implementation of infrastructural projects under guidance of the state. Also, the methodology of foresight control is studied, which is the last stage of modernization and development of infrastructure of regions and the country, as innovational tools of forecasting the future, which is aimed at leveling the risks, allows determining and neutralizing the danger of nontarget usage of invested financial resources, and seeing the threats to internal environment and external environment.

Citation

Mohammed Yousif Oudah, A.-M., Shokhnekh, A.V., Glinskaya, O.S., Shokhnekh, M.-I. and Chusov, I.A. (2019), "Regional Mechanisms of Modernization of Infrastructure of Regions and the Country in the System of Innovational Development", Popkova, E.G., Chesnokova, A.V. and Morozova, I.A. (Ed.) Specifics of Decision Making in Modern Business Systems, Emerald Publishing Limited, Leeds, pp. 209-227. https://doi.org/10.1108/978-1-78756-691-020191021