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Leveraging comparative advantages vs. Broad-based regional development strategies
16 June 2016

The most commonly used models in implementing Russian regional development strategies are either the creation of a single industry scenario or a commitment to a diversified model. Each model has its pros and cons, and several regions have achieved impressive results utilizing each approach. What should be the precursors and how much emphasis should there be on comparative advantages when deciding which strategy to deploy? What is the right balance between integrated development and narrow specialization in Russian regional growth?

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