Conceptual Approaches to the Development of the Mechanism of Effective Interaction Between Business and Government in Russia

This article develops recommendations for identifying the system of models and tools of interaction implemented in the region and testing it on the example of one of the Russian regions - the North Caucasus Federal District. The importance of effective interaction between authorities and business structures to achieve the goals of socio-economic development of the region is substantiated. The expediency of a new format of cooperation and application of a holistic approach providing optimal results of interaction between government and business structures is shown. The content of the formation process of the mechanism of interaction between government and business in the region is revealed from the standpoint of considering the main factors that ensure its effective functioning and development in the future. A multi- criteria procedure is proposed for evaluating the system of models of interaction between government and business implemented in the regions of the North Caucasus Federal District according to two key parameters: the impact of government institutions on the development of entrepreneurship and the impact of business on society. Within the framework of each of the parameters under consideration, the impact is detailed according to a number of criteria and expert assessments are given to each of them. It is concluded that the mechanism of interaction between government and business in the region should consider the specifics of the sectoral orientation of its national economic complex. Measures for the development of the mechanism of interaction between government and business in the agrarian region are proposed. Disciplinary: Business Management & Public Administration. (C)2022 INT TRANS J ENG MANAG SCI TECH.