Factors of Regional Specialization in the Context of Interregional Integration

At the present stage of development of domestic economic thought, one can notice the lack of works investigating specific problems of specialization of regions with the focus on identifying factors, patterns and principles of specialization. Meanwhile, it is the presence or absence of certain conditions in the region that determines the possibility of its specialization in certain industries and the degree of successful integration into the national economic system. This study develops the theory of territorial distribution of production and specialization of regions. It unites the process of interregional integration with the division of labor, regional specialization and industrialization, justifies the importance of their merger into a single social economic process and identifies the role of certain factors in it. The nature and direction of these factors can be divided into domestic, limited by the national economy, and external, which goes beyond its limits and covers the scope of international commodity exchange, international movement of labor, raw materials, energy, overflow of capital, the system of exchange rates and in general the whole range of international economic relations.