The system of strategic planning as an institutional basis for ensuring sustainable development of territories under Industry 4.0

Ural State University of Economics, Department of Regional, Municipal Economics and Governance, 620144, 8 Marta St., 62, Ekaterinburg, Russia

^* Corresponding author: smartreg66@gmail.com

Abstract

Technological revolution and growing social, economic, ecological, and biological threats make the topic of sustainable development increasingly relevant. Having examined the development strategies of the subjects of the Russian Federation, we identify three strategies of industrial development currently pursued by the Russian regions: extractive growth, inclusive reindustrialization, and new industrialization. In line with the specified strategic directions, the systems of objectives are structured. The analysis of the strategic planning documents of the RF subjects located within the Ural macroregion revealed that in accordance with the suggested classification, they adopt the policy of industrial development. To shift the policy focus towards the new industrialization, corrective measures are proposed. The research proves that modern system of strategic planning should be flexible and adaptable, in addition to be based on the uniform rules of strategizing.